Gulf Oil Q4 FY’22 Report
Automotive & Industrial lubricant manufacturer, Gulf Oil has reported its results for the financial year ended on March 31, 2022.
For the year ended on March 31, 2022, the company achieved a net revenue of Rs. 2,191.64 crore and PAT (Profit After Tax) of Rs. 211.08 crore as against net revenue of Rs. 1,652.21 crore and PAT of Rs. 200.09 crore respectively for the year ended on March 31, 2021.
The company says they continued to report very good revenue growths for the quarter at 23.5 percent year on year and the financial year ended on a high at 32.6 percent year on year growth in spite of many challenges all through the year.
During the quarter that ended on March 31, 2022, the Company achieved a net revenue of Rs. 638.93 crores and Profit After Tax (PAT) of Rs. 63.39 crore as against net revenue of Rs. 517.43 crore and PAT of Rs. 59.79 crore respectively in the quarter ended on March 31, 2021.
The company says all the segments of business have done well. Diesel engine oils for commercial vehicles and passenger car motor oils saw very good volume growth.
