Gulf Oil Lubricants Q3 Review - Strong Volume Growth Across Segments: Dolat Capital
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Gulf Oil Lubricants India Ltd.’s results were above our estimates on revenue and profitability front.
Increase in demand from two-wheeler and commercial vehicle segment contributed to strong volume growth.
Also, business-to-business and industrial segment saw strong growth. Passenger car motor oils segment is picking up slowly.
Volume in Q3 FY21 was 33 thousand kilolitres, grew 15.8% YoY and by 11.9% QoQ against our estimate of 28 thousand kilolitres.
Original equipment manufacturer factory fill business which was a laggard from last many quarters have started showing growth of 35-40% YoY.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.