Gulf Oil Corporation reports 33% fall in Q1 net profit

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.