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Gulf Oil Lubricants India Ltd has reported a ₹40.42-crore net profit for the second quarter of financial year 2017-2018. This is 38.05 per cent higher than the ₹29.28-crore net profit reported in the corresponding quarter of the last financial year.
The Hinduja Group company reported net sales of ₹322.95 crore, up 22.55 per cent higher than the ₹263.52-crore in the corresponding quarter of financial year 2016-2017.
A statement said that there was overall volume growth of around 13 per cent despite GST-related uncertainties in the retail channel towards the start of the quarter.
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