Q1 2025 Gulf Oil Lubricants India Ltd Earnings Call Transcript
Key Points
- Gulf Oil Lubricants India Ltd (BOM:538567) reported its highest-ever quarterly revenue, EBITDA, and profitability.
- The company achieved a 5.7% year-on-year growth in core volumes for Q1 FY25.
- Significant growth in the B2C channel, with passenger car oils and agriculture segments showing high single-digit and double-digit growth respectively.
- Double-digit volume growth in the industrial B2B segment despite sectoral pressures.
- Recognition as the ESG champion of India '24 under the oil and gas sector and receiving a gold award from esteemed OEMs like Ashok Leyland and Swaraj Motors.
- The factory fill segment saw a decline of around 10-11% due to reduced production by some OEMs.
- Challenges in the retail and infrastructure segments due to the election year and heat waves.
- Depreciation saw a one-off increase in the March quarter due to accelerated depreciation on the filling line.
- EBITDA margin for the quarter was 13.1%, slightly lower than the 13.5% in Q3 and Q4.
- The company's investments in the EV sector, particularly in Tirex Transmission, are still in the nascent stage and not yet profitable.
Ladies and gentlemen, welcome to the Gulf Oil Lubricants India Limited Q1 FY25 conference call hosted by Emkay Global Financial Services. (Operator Instructions) Please note that this conference is being recorded.
I would now like to hand the conference over to Harsh Maru from Emkay Global Financial Services. Thank you, and over to you, sir.
Behalf of Emkay Global Financial Services, I welcome you all to the 1Q FY25 post-earnings conference call of Gulf Oil Lubricants India Limited. From the company, we have the senior management team represented by Mr. Ravi Chawla, MD and CEO; and Mr. Manish Kumar Gangwal, CFO.
So I now hand the conference over to the management for their opening remarks, followed by a Q&A session. Thank you, and over to you, sir.
Thank you. Good afternoon, good morning, good evening, everyone. Thank you for joining
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