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A major participant in the Indian lubricant business, Gulf Oil Lubricants India Limited (GOLIL), a division of the Hinduja Group and Gulf Oil International, provides a wide range of industrial and automotive lubricant products. GOLIL markets to more than 25 countries and has a vast B2C distribution network throughout India. Gulf operates in more than 100 countries on five continents, providing more than 400 performance lubricants and related products for all market categories. Gulf also has strong production and research and development facilities in Silvassa and Ennore, Chennai, India.

Gulf Oil Lubricants India Dividend

For the purpose of an interim dividend of Rs. 20/- per equity share of the face value of Rs. 2/- each (1,000%) for the financial year 2024-25, Gulf Oil Lubricants has announced that its Board of Directors have fixed February 14, 2025 as the record date for determining the entitlement of the shareholders for the dividend purpose, as per a stock exchange filing.

Gulf Oil Lubricants India Q3 Financials

For the third quarter ending December 31, Gulf Oil Lubricants India Ltd. recorded a 21.7% increase in net profit, reaching Rs 98.2 crore, up from Rs 80.7 crore in the same period last year. Year-on-year (YoY), revenue from operations climbed 10.7% to Rs 904.9 crore in Q3FY25 from Rs 817.3 crore in Q3FY24. In comparison to Rs 111.1 crore during the same time in the previous fiscal year, EBITDA jumped 10.1% to Rs 122.3 crore in the third quarter of the current fiscal year. In Q3 of FY24, the EBITDA margin was 13.6%; it now stands at 13.5% in the quarter under review.

Gulf Oil Lubricants India Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "GULFOILLUB is currently trading at 1157 and has recently broken out from a descending trendline on the daily chart with significant volume. This breakout, accompanied by strong bullish momentum, indicates a potential shift in trend towards the upside. If the price sustains above the 1150 level, it is likely to see further upside movement towards 1400 and 1500 in the short term. Immediate support is placed near 1120, where any pullback can be considered a buying opportunity for higher targets. The overall price action suggests strength, with the breakout confirming renewed buying interest."

"The Relative Strength Index (RSI) is currently at 60.97 and trending upward, reflecting growing bullish momentum. Additionally, the price is trading above all key exponential moving averages (20-50-100-200 EMA), reinforcing the bullish outlook and suggesting strong underlying support. These technical factors indicate that the stock is well-positioned for further gains. For prudent risk management, a stop-loss can be placed at 1060 to protect against any unexpected downside moves," Mandar Bhojane recommended.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.