Gulf Oil Q1 PAT zooms 140%

GulfGulf Oil India, India-based Flagship Company of the brother's Hinduja Group, has posted a 7% rise in its total revenue at Rs 263 crore in the first quarter of the current year, as compared to Rs 224 crore in the corresponding year of the last fiscal.

The company's Profit After Tax (PAT) in the quarter under review was up by over 140% to around Rs 20.96 crore from Rs 8.58 crore in the same period last year.

The company's lubricants division accomplished a gross turnover of about Rs 131 crore in the first quarter of the current year, as against Rs 126 crore in June 2008.

The explosives division of the company posted a turnover of approximately Rs 72 crore in the first quarter of the current fiscal, as against Rs 59 crore in the corresponding quarter of the last fiscal.

Exports rose 26% against last fiscal and were achieved by focusing on non-coal, export and trade market that has become an attractive section.

The mining and infrastructure division posted its service income growth by 16% to Rs 54 crore, as compared to Rs 47 crore in the corresponding quarter last year.

The division is also going well in the iron ore mining sectors in Barbil, Orissa, and Donimalai in Karnataka.

Volume of production from its iron ore mines at Orissa has risen considerably as against the last fiscal.

Presently, the division has an order book of almost Rs 425 crore.

Tagged with