{"id":399532,"date":"2021-02-08T11:53:09","date_gmt":"2021-02-08T06:23:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=399532"},"modified":"2021-02-08T11:53:09","modified_gmt":"2021-02-08T06:23:09","slug":"gulf-oil-rises-after-q3-pat-climbs-15-yoy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gulf-oil-rises-after-q3-pat-climbs-15-yoy\/","title":{"rendered":"Gulf Oil rises after Q3 PAT climbs 15% YoY"},"content":{"rendered":"<p>Gulf Oil Lubricants India (GOLIL) rose 2.58% to Rs 714 after net profit jumped 14.6% to Rs 64 crore on 14.2% increase in net sales at Rs 481.86 crore in Q3 December 2020 over Q3 December 2019.<\/p>\n<p>Profit before tax (PBT) soared 16.5% to Rs 85.73 crore in Q3 December 2020 as against Rs 73.59 crore in Q3 December 2019. Tax expense for the quarter rose 16.6% to Rs 21.93 crore as against Rs 18.80 crore in Q3 December 2019. The Q3 result was declared after market hours on Friday, 5 February 2021.<\/p>\n<p>On the back of significantly improved demand conditions across segments, both B2C and B2B and aided by improved OEM demands, Gulf Oil Lubricants India has delivered nearly 16% volume growth Y-o-Y (year-on-year) during Q3. Profit after tax (PAT) has grown inspite of rising pressure from input costs side but helped with continuing cost initiatives and margin management strategies initiated, the firm stated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gulf Oil Lubricants India (GOLIL) rose 2.58% to Rs 714 after net profit jumped 14.6% to Rs 64 crore on 14.2% increase in net sales at Rs 481.86 crore in Q3 December 2020 over Q3 December 2019. Profit before tax (PBT) soared 16.5% to Rs 85.73 crore in Q3 December 2020 as against Rs 73.59 crore in Q3 December 2019. Tax expense for the quarter rose 16.6% to Rs 21.93 crore as against Rs 18.80 crore in Q3 December 2019. The Q3 result was declared after market hours on Friday, 5 February 2021. On the back of significantly improved demand [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-399532","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=399532"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399532\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=399532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=399532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=399532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}