Gulf Oil Lubricants Q2FY26 Earnings Results Out: Strong Growth and EV Expansion

As per Gulf Oil Lubricants Q2 FY26 earnings results, the increasing demand for lubricants led to a 12.6% growth in revenue. This was driven by growth in both the B2C automotive and B2B industrial businesses. EBITDA for the quarter also increased 10.6% year-on-year to ₹118.46 crore, reflecting profitable operations despite input cost pressures.

Recognition as One of India’s Best Managed Companies

Gulf Oil Lubricants India received a notable recognition this year, being named one of India’s Best Managed Companies 2025 by Deloitte India. This reflects the company’s strong governance, operational discipline and consistent business execution.

Gulf Oil India Increases Stake in Tirex To 65%

A key development during the quarter was the company’s decision to strengthen its presence in the fast-growing EV charging ecosystem. Gulf Oil’s Board approved a 14% increase in its stake in Tirex, its EV charger subsidiary, taking the total holding to 65%.

Tirex continues to show strong traction, recording 75% revenue growth in H1 FY26, signalling rising demand for charging infrastructure. This strategic expansion positions Gulf Oil to benefit from India’s accelerating shift towards electric mobility.

Gulf Oil India Share Price Performance 

Gulf Oil India share price performance has been mixed in the short term, but its long-term returns remain strong:

• 1 Year: +12.16%
• 5 Years: +69.50%

With steady core business performance and increasing focus on EV-related opportunities, Gulf Oil Lubricants India appears well placed to maintain long-term growth. The expanded stake in Tirex and continued improvements in operational performance are likely to support future earnings.

Read more: Bharti Airtel Becomes the 1st Telecom Company To Extend Mobile Connectivity to Remote Ladakh Villages.

Conclusion

Gulf Oil Lubricants India posted a healthy Q2FY26 performance, driven by strong revenue growth, stable profitability and strategic moves into the EV charging space. With its growing presence in a future-focused segment and recognition for management excellence, the company is well positioned to capitalise on emerging opportunities in both automotive and industrial markets.

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