Gulf Oil Lubricants India

Gulf Oil Lubricants India reported that for the quarter, the company’s net profit rose 37% to Rs 85.4 crore (854 million rupees or U.S. $10.4 million). For its full fiscal year, the company posted a 33% jump in net profit to Rs 308.1 crore, compared to Rs 232.3 crore.

The company’s sales revenue from operations in the quarter increased 8% to Rs 852.8 crore. Full-year sales revenue from operations increased 10% to Rs 3,284.1 crore.

Gulf Oil Lubricants India said its sales volume growth was led by double-digit percentage growth in infrastructure, mining and business-to-business segments. Business-to-consumer sales received a boost from targeted sales and marketing efforts, the company said, leading to good growth in motorcycle engine oils, and positive traction in the agricultural sector, which saw improved demand from the rural segment.

“Growth was strong across all segments, except for OEM factory fill, during the quarter,” the company said in its earnings release. “While OEM franchise workshops business maintained good momentum, challenges persisted in factory fill, resulting in lower offtake.”

Savita Technologies

Savita Oil– supplier of transformer oils, lubricants, white oils and other products – reported a 10% decline in net profit to Rs 32.7 crore. Full fiscal-year net profit decreased 9% to Rs 204 crore, compared to Rs 226 crore.

For the quarter, Savita’s sales revenue from petroleum products increased 3% to Rs 981.3 crore. For the full fiscal year, petroleum products sales also rose by 3%, to 3,729 crore. The company said its transformer and lubricant divisions each experienced double-digit percentage volume growth in the fourth fiscal quarter as well as on an annual basis.

Savita Chairman and Managing Director Gautam Mehra said its earnings release that its sales volumes grew by 8% on an annual basis despite export volume being impacted by the Red Sea crisis in the fourth fiscal year ended March 31. The Red Sea crisis also led to very sharp increase in freight costs for the company’s exports division, he added.

Castrol India

Castrol India, which follows a calendar-year fiscal year, reported 7% higher net profit at Rs 216.2 crore for the quarter, compared to Rs 202.5 crore.

Sales revenue from operations was up 2% at Rs 1,325.2 crore in the first quarter. Castrol India Managing Director Sandeep Sangwan said in its earnings release that the revenue uptick came in spite of experiencing initial softness in consumer demand during the quarter.

Tide Water Oil

Tide Water Oil reported that its standalone net profit for the quarter jumped 63% to Rs 37.16.

For the full year, standalone net profit reached Rs 110.7 crore, a 30% improvement.

The manufacturer and distributor of Veedol-branded lubricants reported that revenue from operations rose 2% to Rs 406.2 crore. For the full fiscal year, its net profit rose to Rs 1,612.3 crore, an 8% increase.

Apar Industries

Indian transformer oil supplier Apar Industries reported standalone net profit increased 2% to Rs 238.4 crore. For the full fiscal year, net profit reached Rs 823.3 crore, a 37% jump.

Sales revenues from the company’s transformer and specialty oil segment increased 3% to Rs 1,210.3 crore. For the fiscal year, the segment’s revenue rose to Rs 4,836.9 crore, a 4% increase.

Maximus International

Maximus International said its consolidated net profit surged 107% to Rs 2.8 crore, compared to Rs 1.3 crore. For the full fiscal year, consolidated net profit reached Rs 8 crore, a 9% increase.

Consolidated revenue from operations for the company jumped 48% to Rs 37 crore for the quarter. Fiscal-year consolidated revenue f rom operations rose 9% to Rs 108.8 crore.

Continental Petroleums

Lubricants and greases seller Continental Petroleums Ltd. reported a 21% decline in net profit to Rs 1.4 crore for the quarter. Net profit for the full year was down 31% at Rs 2.7 crore.

Total revenue dropped 29% to Rs 19.3 crore in the quarter. For the full fiscal year, total revenue fell 44% to Rs 55 crore.

Balmer Lawrie

Balmer Lawrie’s greases and lubricants segment reported operating profit of Rs 24.1 crore, a 54% jump from Rs 15.6 crore. For the full fiscal year, the segment’s operating profit surged 70% to Rs 92.8 crore, compared to Rs 54.5 crore. Net sales for the the greases and lubricants segment increased 1% to Rs 167.5 crore. For the full fiscal year, net sales rose 3% to Rs 674.2 crore.