Gulf Oil Lubric. Q1 FY27 Results (NSE: GULFOILLUB)
Signal: Growth reaccelerated
The read
The key inflection is growth acceleration: consolidated revenue growth rose to +30.6% YoY from +10.7% in Q4FY26, while EBITDA margin reached 14.5% versus the prior-series Q1FY27 indication of 12%; PAT grew +27.0% YoY to ₹12083.83 lakh, although the ₹668.62 lakh standalone-to-consolidated profit gap warrants monitoring.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,327.21 Cr | +30.6% | +25.8% |
| EBIT | ₹1.73 Cr | N/A | |
| Net profit | ₹120.84 Cr | +27.0% | |
| EPS | ₹24.88 | +27.9% | |
| EBIT margin | 14.5% |
P&L walk
Consolidated revenue increased to ₹132721.24 lakh, +30.6% YoY and +25.8% QoQ, with EBITDA margin at 14.5%; PAT rose +27.0% YoY to ₹12083.83 lakh, while standalone PAT of ₹12752.45 lakh indicates a ₹668.62 lakh subsidiary-level drag.
Segments
Although no segment table is disclosed, standalone PAT of ₹12752.45 lakh exceeded consolidated PAT of ₹12083.83 lakh by ₹668.62 lakh, indicating that subsidiaries reduced reported group earnings despite strong parent-company growth.
Key positives
- Consolidated revenue reached ₹132721.24 lakh, +30.6% YoY and +25.8% QoQ, a clear acceleration from +10.7% YoY revenue growth in Q4FY26.
- Standalone EBITDA grew +34.60% YoY versus revenue growth of +32.52% YoY, with standalone PAT rising +31.93% YoY to ₹12752.45 lakh.
- Consolidated basic EPS increased +27.9% YoY to ₹24.88, slightly ahead of +27.0% PAT growth, indicating no EPS dilution signal in this quarter.
Key concerns
- Consolidated PAT of ₹12083.83 lakh was ₹668.62 lakh below standalone PAT of ₹12752.45 lakh, showing a material subsidiary drag on group earnings.
- Comparative consolidated EBITDA and depreciation figures are not printed in the newspaper extract, limiting verification of the consolidated margin trajectory.
Research and educational content only. Not investment advice.