Gulf Oil Lubricants India Ltd shares gained more than 5% in intraday trade on May 29, with the stock touching a high of ₹985.00 compared to its previous close of ₹930.05. As of 10:47 AM IST, investor sentiment remained positive despite a marginal decline in quarterly profit.
The stock opened at ₹930.10 and moved between an intraday low of ₹926.85 and a high of ₹985.00. Trading activity remained strong, with over 1.38 lakh shares changing hands during the session.
Gulf Oil Lubricants Q4 FY26 Results
For the fourth quarter, Gulf Oil Lubricants reported consolidated revenue of ₹1,055 crore, registering a 10.8% year-on-year increase from ₹953 crore in the corresponding quarter last year.
EBITDA rose 6.1% to ₹137 crore from ₹129 crore a year ago. However, EBITDA margin declined to 12.9% from 13.5%, indicating some pressure on profitability despite higher sales.
Net profit for the quarter stood at ₹89.8 crore, down 2.6% from ₹92.2 crore reported in the same period last year.
Gulf Oil Lubricants share price Performance
Despite the decline in net profit and margin contraction, the market reacted positively to the company's double-digit revenue growth and EBITDA expansion. The stock traded significantly above its opening price during the session.
Over the past 52 weeks, Gulf Oil Lubricants shares have touched a high of ₹1,331.90 and a low of ₹865.00. The latest rally comes as investors assess the company's quarterly earnings performance and growth outlook.