Gulf Oil Lubricants India Ltd (BOM:538567)

Q4 2024 Gulf Oil Lubricants India Ltd Earnings Call Transcript

May 22, 2024 / 10:00AM GMT

Release Date Price: ₹1046.7 (+11.56%)

Transcript

Key Points

Positve

Record-breaking quarter with highest EBITDA of INR115 crores.
EBITDA margin increased to 13.5%, driven by cost management and premium products.
Double-digit volume growth in infra and B2B segments.
Annual EBITDA crossed INR400 crore mark, showing a 22% growth.
Strong market share gains in Bazaar segment, led by agri and new generation commercial vehicle oils.

Negative

Sequential dip in gross margins by 1.6% due to crude volatility.
Factory fill volumes dropped by double digits, impacting overall growth.
AdBlue, a lower margin product, saw increased volumes, affecting blended margins.
No price increases in the retail segment for the last 12-15 months, potentially impacting margins.
Commercial vehicle segment production slowdown affected factory fill volumes.

Operator

Ladies and gentlemen, good day, and welcome to the Q4 and FY24 results conference call of Gulf Oil Lubricants India, hosted by Emkay Global Financial Services. (Operator Instructions) Please note that this conference is being recorded.

I would like to hand the conference over to Mr. Sabri Hazarika, from Emkay Global Financial Services. Thank you, and over to you, sir.

Sabri Hazarika;Ravi Chawla

Emkay Global Financial Services Ltd - IR;Emkay Global Emkay Global Financial Services Ltd Services Ltd -

Yeah. Thanks, Srijala, and good afternoon, everyone. On behalf of Emkay Global Financial Services, I welcome you all to the Q4 and FY24 post earnings conference call of Gulf Oil Lubricants India Limited. We have with us the top management of the company Mr. Ravi Chawla, Managing Director and CEO; and Mr. Manish Kumar Gangwal, Chief Financial Officer. So without any further delay, I would now ask the management for the opening remarks, and then we'll move over to the question and answer round.

Over to you, sir.

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