• Financial performance: Gulf Oil Lubricants reported a 31% rise in revenue to ₹1,327 crore, a 30% growth in operating profit, a 28% increase in net profit, and maintained margins at 12.5%.
• Volume growth outlook: The company aims to sustain a 10% to 12% double-digit volume growth trajectory, significantly outperforming the broader lubricant industry's growth rate of 3% to 4%.
• Supply chain risks: Management noted that ongoing Middle East tensions and uncertainty around the Strait of Hormuz continue to pose supply security and input cost challenges for crude-linked sourcing.
• EV charger business: Subsidiary Tirex plans to start exporting AC and DC chargers within the year and is targeting a turnover of ₹300 to ₹400 crore from the EV segment over the next 3 to 4 years.