Gulf Oil Lubricants posts marginal growth in Q4 & FY22 numbers; stock ends lower

Gulf Oil Lubricants Limited, a Hinduja group firm, has reported its Audited monetary outcomes (Standalone) for the monetary yr ended March 31, 2022.

Through the quarter ended March 31, 2022, the corporate has logged a Internet Income of Rs638.93 crore, and PAT of Rs63.39 crores as in comparison with a Internet Income of Rs517.43 crore and PAT of Rs59.79 crore respectively within the quarter ended March 31, 2021.

For the yr ended March 31, 2022, the corporate has clocked a Internet Income of Rs2,191.64 crore and PAT of Rs211.08 crore as in comparison with a Internet Income of Rs1,652.21 crore and PAT of Rs200.09 crore respectively for the earlier monetary yr.

The corporate’s board has advisable a dividend of Rs5 per fairness share of Rs2 per share (250%).

The corporate has not too long ago concluded a buy-back of 14,16,667 totally paid-up fairness shares of the face worth of Rs2 for Rs600 per totally paid-up Fairness Share in money for an quantity of Rs85 crore.

The corporate continued to report excellent income growths for the quarter at 23.5% YoY and the monetary yr ended on a excessive at 32.6% yoy progress regardless of many challenges all by the yr. All segments of enterprise have finished nicely and demand circumstances have picked up. Diesel Engine Oils for Business Automobiles and Passenger Automotive Motor Oils noticed excellent quantity progress, because the Firm has elevated market share in each B2C and B2B segments.

Gulf Oil Lubricants ended at Rs407.10 down by Rs2.4 or 0.59% from its earlier closing of Rs409.50 on the BSE. The scrip has touched day’s excessive and low of Rs420.60 and Rs405.50 respectively.