Gulf Oil Corporation Limited has posted a profit of Rs 9.45 crore and a turnover of Rs 32.42 crore for the third quarter ended December 31, 2014.
There is no comparable number as it was a unified entity with lubricants business last year. This has since been demerged and listed as a separate entity.
This is the third quarter of operation of the company after the demerger of the Lubricants business effective from April 1, 2014.
The Gulf Oil now handles energetics comprising mining detonators and devices, mining infrastructure services and realty.
The energetics division achieved a sale of Rs 16.9 crore (Rs 16.5 crore) and the mining and infrastructure division posted a turnover of Rs 6.19 crore.
Referring to the property division, the company said the first building of the Rs 1800 crore project Ecopolis at Yelahanka in Bengaluru is being developed in association with Hinduja Realty Ventures Limited. It is expected to be ready by March 31.
In the case of Hyderabad property, where the company has entered into an agreement for development with Hinduja Estate Private Limited, the company had to surrender 9 acres of land for road widening and is expected to get compensation of Rs 85-90 crore.