Gulf Oil Lubricants India Limited, a Hinduja Group company, has reported strong financial performance for the second quarter of FY2026-27, recording a 44% year-on-year increase in standalone revenue from operations. The company’s performance highlights continued business growth amid challenging market conditions and reflects its focus on expanding its presence across India’s evolving mobility ecosystem.
According to the company’s financial results announced on October 28, 2026, revenue from operations increased to ₹1,379 crore in Q2 FY27, compared with ₹957 crore in the corresponding quarter of the previous financial year. Profit after tax (PAT) also registered a significant improvement, rising 34% year-on-year to ₹117 crore from ₹87 crore in Q2 FY26.
The company reported EBITDA of ₹163 crore during the quarter, marking a 37% increase compared with ₹118 crore in the same period last year. Its EBITDA margin stood at 11.8%.
Gulf Oil Expands Its Presence in the Electric Mobility Sector
Alongside its traditional lubricants business, Gulf Oil is strengthening its position in India’s electric mobility sector through investments in EV charging infrastructure, specialised EV fluids and digital energy-management solutions.
The company is developing an integrated e-mobility business through three key platforms: Tirex, Indra and ElectreeFi. These businesses support different requirements across the EV ecosystem, including DC fast charging, AC home and destination charging, and software-based charging management.
Tirex focuses on manufacturing and supplying AC and DC electric vehicle chargers for passenger vehicles, electric buses, commercial fleets and public charging networks. Its portfolio includes charging solutions with power capacities ranging from 3.3 kW to 360 kW.
Indra strengthens Gulf Oil’s presence in AC charging solutions, while ElectreeFi provides software-as-a-service capabilities for EV charging management and energy optimisation.
The company’s FY2026 annual report also highlights its focus on developing specialised EV fluids and expanding its charging infrastructure capabilities. These initiatives are intended to diversify its business beyond conventional automotive lubricants and establish a stronger presence in the emerging electric mobility market. FinancialFilings+1
Strong Growth Across Business Segments
During Q2 FY27, Gulf Oil achieved 16% year-on-year growth in lubricant volumes despite challenging market conditions and elevated input costs. The company attributed its performance to distribution expansion, customer engagement, strategic pricing initiatives and stronger relationships across original equipment manufacturers (OEMs) and business-to-business (B2B) segments.
For the first half of FY27, the company reported standalone revenue of ₹2,700 crore, representing 38% growth compared with ₹1,953 crore in H1 FY26. EBITDA increased 36% to ₹333 crore, while profit after tax rose 33% to ₹245 crore.
Managing Director and CEO Ravi Chawla highlighted the company’s focus on premiumisation, operational excellence, customer engagement and long-term business growth. FinancialFilings
Focus on Future Mobility and EV Infrastructure
Gulf Oil’s expanding electric mobility portfolio reflects its strategy of participating in India’s transition towards cleaner transportation. Rather than relying exclusively on its established lubricant business, the company is investing in charging hardware, software platforms and EV-specific products.
Its investments in Tirex, Indra and ElectreeFi provide opportunities to serve electric vehicle manufacturers, charging point operators, fleet owners and individual EV users.
With India’s electric vehicle market continuing to develop, Gulf Oil aims to build a broader mobility solutions business while maintaining growth in its conventional automotive and industrial segments.
The latest Q2 FY27 results demonstrate the company’s financial growth, while its investments in electric mobility underline its long-term ambition to become a broader player in India’s changing automotive and EV ecosystem.
