GP Petroleums reported an 8% increase in profit after tax (PAT) for the quarter ended March 31, 2026, reaching Rs 9.3 crore compared to Rs 8.6 crore in the same period last year. However, the company's revenue from operations fell to Rs 163 crore from Rs 183 crore a year earlier.
The company's EBITDA rose to Rs 14.7 crore in the March quarter from Rs 13.2 crore a year ago, with the EBITDA margin improving to 9% from 7%. For the full financial year 2025-26, GP Petroleums reported a revenue increase of 5%, reaching Rs 643 crore compared to Rs 610 crore in FY25. The annual EBITDA also saw a rise to Rs 44.7 crore from Rs 42 crore in the previous year.
Despite the revenue dip in the quarter, PAT for FY26 stood at Rs 26.5 crore, slightly up from Rs 26.3 crore in FY25. The company attributed the impact on annual profit to a wage provision of Rs 3.25 crore, which is about 12% of the FY26 PAT.
GP Petroleums emphasized its strengthened market position in lubricant and process oil categories through operational efficiencies and an expanding product portfolio. The company remains optimistic about demand opportunities in industrial lubricants, process oils, and premium automotive lubricants.
However, the company cautioned about potential challenges due to geopolitical tensions and crude-linked raw material volatility, which could affect short- to medium-term performance.
Founded in 1973, GP Petroleums markets lubricants and specialty oils under the IPOL brand and has an exclusive partnership with Repsol to manufacture and distribute Repsol-branded lubricants in India.
Background
GP Petroleums, a key player in the lubricant market, has been navigating a challenging environment marked by fluctuating raw material costs and geopolitical tensions. The company's strategic focus on operational efficiencies and market expansion has helped it maintain profitability despite revenue pressures.
Looking ahead, GP Petroleums will need to navigate the uncertainties posed by geopolitical developments and raw material cost fluctuations while capitalizing on growth opportunities in the lubricant market.
