Rs 25/Share Dividend: Hinduja Group Small Cap Company Sets Record Date For Dividend

Petrochemicals sector company, Gulf Oil Lubricants India Ltd on Thursday fixed August 25, 2023 as the record date for dividend of Rs 25/- per equity share of the face value of Rs 2/- each (1250%) for the financial year ended March 31, 2023. Last trading price of Gulf Oil Lubricants share is Rs 537.60 per share with intraday gain of 1.44%. Gulf Oil Lubricants shares delivered its shareholders return of 30% in last 3-months. Check details below:

Gulf Oil Lubricants India Sets Record Date For Final Dividend: According to the exchange filing of Gulf Oil Lubricants dated August 3, 2023, " We wish to inform you that the Board of Directors of Gulf Oil Lubricants India Limited ("the Company") at their meeting held today viz. Thursday, August 3, 2023 which commenced at 12.00 noon (IST) and concluded at 4.00 p.m. (IST), has inter-alia approved Record date as Friday, August 25, 2023 for the purpose of determining the entitlement of Members to dividend payment."

Earlier, the company on May 18, 2023 recommended the Dividend of Rs. 25/- per equity share of the face value of Rs. 2/- each (1250%) for the financial year ended 31 March 2023.

Gulf Oil Lubricants Stock Outlook & Return: Last trading price of Gulf Oil Lubricants share is Rs 537.60 apiece on BSE with intraday jump of 1.44%. Its 52-week high price is Rs 545.40 apiece and 52-week low price is Rs 390.00 apiece, respectively. It has a market capitalisation of Rs 2635.67 crore. Gulf Oil Lubricants shares offered return of 30% in last 3-months, soared 25% in last 6-months, and jumped 21% in last 1-year. In last 2-years, Gulf Oil Lubricants share declined 17% and fell 5% in last 3-years.

Gulf Oil Lubricants Financial Outlook: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 805.87 crore, up 1.32% as compared to its last quarter total income of Rs 795.37 crore. It announced in its latest quarter its net profit after tax at Rs 62.17 crore.

Gulf Oil Lubricants About: Gulf Oil Lubricants India Ltd (GOLIL), part of the Hinduja Group, is an established player in the Indian Lubricants Industry. Gulf Oil International (GOI), parent of GOLIL, owns the Gulf brand globally (except USA, Spain & Portugal). Previously a part of Gulf Oil Corporation Limited, today, GOLIL, as part of the parent company GOI, enjoys a presence in over 100 countries, according to its official website.

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