Gulf Oil Lubricants hits record revenue and EBITDA in FY26
The company posted annual revenue exceeding ₹4,000 crore and declared a total dividend of ₹51 per share as volumes reached all-time highs.
— 2 earlier stories on Gulf Oil Lubricants India Ltd. →What's new
- Q4 revenue rose 13.7% to ₹1,040 crore, with EBITDA up 8.5% to ₹135 crore.
- Full-year consolidated revenue crossed ₹4,000 crore for the first time.
- EV subsidiary Tirex Chargers generated over ₹100 crore in annual revenue.
Why this matters
Gulf Oil is delivering consistent growth across its core lubricant business while scaling its EV infrastructure arm. The record-breaking performance and a healthy dividend payout confirm the company's current ability to generate cash while expanding into new segments.
What we're watching
- Sustainability of double-digit volume growth in the coming fiscal year.
- Further revenue scaling at Tirex Chargers.
- Margin pressure from potential raw material price volatility.
The full read
Gulf Oil Lubricants India closed FY26 with record-breaking performance, as consolidated revenue climbed past ₹4,000 crore and EBITDA topped ₹500 crore. The company saw strong momentum in its final quarter, with standalone revenue rising 13.7% to ₹1,040 crore and EBITDA growing 8.5% to ₹135 crore. Management attributed these results to double-digit volume growth across its product segments. Beyond the core business, the EV subsidiary, Tirex Chargers, contributed over ₹100 crore in annual revenue. Shareholders will receive a final dividend of ₹30 per share, resulting in a total annual payout of ₹51 per share. These results track with the company's prior disclosures, confirming a period of steady expansion. The core business remains the primary engine, but the contribution from the EV segment provides a new growth vector that investors should monitor as the company enters FY27.
Questions answered
- What were the key financial milestones for FY26?
- Gulf Oil crossed ₹4,000 crore in consolidated revenue and surpassed ₹500 crore in EBITDA, both marking record highs for the company.
- How much dividend is the company paying out?
- The board declared a final dividend of ₹30 per share, which brings the total dividend for the fiscal year to ₹51 per share.
- How is the EV business performing?
- The subsidiary, Tirex Chargers, reached a revenue milestone of over ₹100 crore during the fiscal year.
- What was the growth rate for the final quarter?
- Standalone revenue for Q4 grew by 13.7% year-on-year to reach ₹1,040 crore, while EBITDA increased by 8.5% to ₹135 crore.
Story so far
All notes on GULFOILLUB →- 27 May 2026 · 8:44 PM IST Gulf Oil Lubricants hits record revenue and EBITDA in FY26
- today Gulf Oil Lubricants hits ₹4,056 cr revenue, pays ₹51 dividend
- today Gulf Oil Lubricants hits ₹4,000 cr revenue, pays out ₹51 per share