ConCallIQ
Go Pro

Indraprastha Gas vs Gulf Oil Lubricants Q3 FY26

Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.

IN

Indraprastha Gas

IGL reported a steady quarter with total sales volume growing 3% YoY to 867 million SCM, driven by resilient CNG demand (up 10% ex-DTC) and PNG growth of 5%.

GU

Gulf Oil Lubricants

Gulf Oil reported an all-time high quarterly volume of 41,500 KL, with lubricant volumes growing 8% YoY, outperforming the industry by 2x.

Result Snapshot

Revenue₹4,068 Cr₹1,018 Cr
PAT₹392 Cr₹76 Cr
EBITDA Margin12%13%
Sentimentbullishbullish

Key Quotes

Our long-term guidance remains that 7 to 8 is our target range.
Kamal Kish Chhatal · Managing Director
This quarter has been an all-time high in terms of quarterly volumes at 41,500K which is record volume for Gulf Oil.
Ravi Chawla · Managing Director and CEO