Gulf Oil Lubricants reports record Q1 revenue exceeding INR 1,000cr

Gulf Oil Lubricants India Limited reported record quarterly volume, revenue, and EBITDA for Q1FY26, with 11% volume growth outperforming the industry. Consolidated revenue exceeded INR 1,000 crore for the first time, while gross margin improved 140 basis points year-on-year.

The company plans capacity expansion from 140 million to 240 million KL at Chennai and Silvassa plants with INR 55 crore investment by March 2027. EV charger subsidiary Tirex grew 163% to INR 24 crore quarterly turnover.