Gulf Oil Lubricants

Gulf Oil reported an all-time high quarterly volume of 41,500 KLCurrent 41,500 KL. Reported change: +8% YoY., with lubricant volumes growing 8% YoYCurrent reported value: 8% YoY. No comparable prior figure is available in the source record., outperforming the industry by 2x. Revenue grew 11.8% YoYCurrent reported value: 11.8% YoY. No comparable prior figure is available in the source record. to ₹2,951 crore for 9 months, driven by double-digit growth in PCMO, agri, and industrial segments. EBITDA margin expanded 67 bps sequentially to 13%+Current reported value: 13%+. No comparable prior figure is available in the source record., aided by cost management and selective price actions, despite rupee depreciation. The EV charging subsidiary TX posted 83% revenue growthCurrent 83% revenue growth. Reported change: +83% YoY. in Q3. Management reiterated the 12-14% EBITDA margin guidance and 2-3x industry volume growth target. Key risks include sustained rupee weakness and competitive intensity from OMCs expanding in lubricants.