Gulf Oil Lubricants shines despite reporting marginal fall in Q4 consolidated net profit
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Gulf Oil Lubricants India is currently trading at Rs. 440.00, up by 18.05 points or 4.28% from its previous closing of Rs. 421.95 on the BSE.
The scrip opened at Rs. 421.55 and has touched a high and low of Rs. 446.75 and Rs. 421.55 respectively. So far 16538 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 504.80 on 02-Sep-2022 and a 52 week low of Rs. 381.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 446.75 and Rs. 413.95 respectively. The current market cap of the company is Rs. 2156.75 crore.
The promoters holding in the company stood at 72.02%, while Institutions and Non-Institutions held 10.89% and 17.09% respectively.
Gulf Oil Lubricants has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 1.92% marginal fall in net profit at Rs 62.17 crore for the quarter under review as compared to Rs 63.39 crore for the same quarter in the previous year. However, total income of the company increased by 23.85% at Rs 805.87 crore for Q4FY23 as compared to Rs 650.66 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 1.91% marginal fall in its net profit at Rs 62.16 crore for fourth quarter ended March 31, 2023 as compared to Rs 63.37 crore for the same quarter in the previous year. However, total income of the company increased by 23.85% at Rs 805.87 crore for Q4FY23 as compared to Rs 650.66 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 10.05% rise in its net profit at Rs 232.30 crore as compared to Rs 211.08 crore for the previous year. Total income of the company increased by 36.25% at Rs 3046.22 crore for year under review as compared to Rs 2235.82 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 10.06% rise in its net profit at Rs 232.30 crore as compared to Rs 211.06 crore for the previous year. Total income of the company increased by 36.25% at Rs 3046.22 crore for year under review as compared to Rs 2235.82 crore for year ended March 31, 2022.
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