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Gulf Oil Corporation tumbles on reporting 33% fall in Q1 net profit

02 Aug 2012 Evaluate

Gulf Oil Corporation is currently trading at Rs. 88.55, down by 2.85 points or 3.12% from its previous closing of Rs. 91.40 on the BSE.

The scrip opened at Rs. 90.20 and has touched a high and low of Rs. 91.00 and Rs. 87.30 respectively. So far 62729 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 100.70 on 13-Jul-2012 and a 52 week low of Rs. 52.25 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 96.40 and Rs. 84.50 respectively. The current market cap of the company is Rs. 877.93 crore.

The promoters holding in the company stood at 49.96% while Institutions and Non-Institutions held 6.08% and 43.96% respectively.

Gulf Oil Corporation has reported results for first quarter ended June 30, 2012.

The company has reported a fall of 33.09% in its net profit at Rs 10.07 crore for the quarter under review as compared to Rs 15.05 crore for the same quarter in the previous year. However, the total income from operation of the company has increased by 11.88% at Rs 247.89 crore for Q1FY13 as compared Rs 221.56 crore for the corresponding quarter previous year.

Gulf Oil Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.

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