Gulf Oil Lubricants India reported results for second quarter ended September 30, 2022.
The company has reported fall of 11.18% in its net profit at Rs 52.14 crore for Q2FY23 as compared to Rs 58.70 crore for the corresponding quarter previous year. However, total income of the company increased by 34.00% to Rs 729.28 crore for the quarter under review as compared to Rs 544.23 crore for the same quarter in the previous year.
Gulf Oil Lubricants, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.
