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Gulf Oil Lubricants India Ltd has posted a net profit of Rs 21.75 crore and gross turnover of Rs 301 crore for the fourth quarter ended March 31, 2015.
A Hinduja Group Company, Gulf Oil is listed on the NSE and BSE on July 31, 2014 post the de-merger of 'Lubricants Undertaking' of Gulf Oil Corporation Ltd as per the Scheme of arrangement.
For the financial year 2014-15, the company has achieved a gross turnover of Rs 1,114 crore and profit after tax of Rs 77.4 crore.
The company's lubricants business has achieved a net revenue growth of 12.2 per cent and the profit before tax was up 13.6 per cent during the year.
Net revenue for 2014-15 stood at Rs 967 crore against Rs 862 crore in the previous year.
The board of directors has recommended a final dividend of Rs 3.50 per share (175 per cent of face value of Rs 2 per share), subject to the approval of shareholders at the AGM.
Together with the interim dividend of Rs 2 per share (100 per cent) already declared and paid to the shareholders during the year, the total dividend for the year stands at 275 per cent.
The company said it has managed to delivere double digit revenue and profit growth in an otherwise challenging year when the industry witnessed low single digit volume demand growth.
During the year, new products were launched by its brand ambassador M S Dhoni, Indian Cricket Captain and captain of Chennai Super Kings team.
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