Gulf Oil Lubricants hits ₹4,056 cr revenue, pays ₹51 dividend
The company crossed the ₹4,000 crore revenue mark for FY26, delivering an 11.7% annual growth rate and a total dividend yield of 5.5%.
— 2 earlier stories on Gulf Oil Lubricants India Ltd. →What's new
- Annual revenue grew 11.7% to ₹4,056 cr for FY26.
- Board recommended a final dividend of ₹30, totaling ₹51 for the year.
- Q4 net profit reached ₹89.59 cr on total income of ₹1,080 cr.
Why this matters
The dividend yield of 5.5% signals strong cash generation despite a slight softening in quarterly profits. Management is balancing these payouts with ongoing capital allocation toward its EV charging subsidiary, Tirex.
What we're watching
- Margin pressure trends following the slight year-on-year dip in Q4 net profit.
- Capital expenditure requirements for the Tirex EV charging business.
- Sustainability of the high dividend payout ratio in future fiscal years.
The full read
Gulf Oil Lubricants crossed the ₹4,000 crore revenue milestone in FY26, closing the year with ₹4,056 crore in consolidated revenue. This represents an 11.7% increase over the prior year. While Q4 net profit saw a minor year-on-year softening to ₹89.59 crore on income of ₹1,080 crore, the board’s dividend policy remains the primary focus. By recommending a final dividend of ₹30 per share to follow an earlier ₹21 interim payment, the company has committed to a total annual payout of ₹51 per share. This equates to a 5.5% yield. The financials, which carry an unmodified audit opinion from S R B C & Co. LLP, reflect a company managing its core lubricants business while funding its transition into the EV charging space through its subsidiary, Tirex. The high payout ratio suggests management is confident in its cash flow generation, even as it continues to deploy capital into new growth segments.
Questions answered
- What was the total dividend payout for the fiscal year?
- The company declared a total annual dividend of ₹51 per share. This includes an interim payout of ₹21 and a newly recommended final dividend of ₹30.
- How did the company perform on an annual basis?
- Gulf Oil Lubricants reported consolidated annual revenue of ₹4,056 crore for FY26, which is an 11.7% increase over the previous year.
- What were the Q4 financial results?
- For the quarter ended March 31, 2026, the company recorded a total income of ₹1,080 crore and a net profit of ₹89.59 crore.
- Are there any concerns regarding the audit report?
- No. The financial results received an unmodified statutory audit report from S R B C & Co. LLP, confirming the integrity of the figures.
Story so far
All notes on GULFOILLUB →- 27 May 2026 · 7:59 PM IST Gulf Oil Lubricants hits ₹4,056 cr revenue, pays ₹51 dividend
- today Gulf Oil Lubricants hits record revenue and EBITDA in FY26
- today Gulf Oil Lubricants hits ₹4,000 cr revenue, pays out ₹51 per share