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The Hinduja Group firm Gulf Oil Lubricants reported a 28 per cent increase in net profit for the quarter ended September 30 to ₹ 30.2 crore against ₹ 23.6 crore in the corresponding period year-ago.
Total sales during the July-September quarter increased 9.2 per cent to ₹ 315 crore from ₹ 288.4 crore in the corresponding quarter of FY2015-16, the company said in a press statement.
"In spite of July-September quarter being seasonally a low offtake quarter due to the monsoons and reduced vehicle and equipment movements, the company achieved all-round volume gains across segments to notch up overall double digit volume growth during the quarter," the company said.
"Industrial distributors channel was expanded to grow faster in small and medium industries. B2B volume gains continued at a faster pace than overall company volume growth," it added.
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