Gulf Oil Q3 net rises 43%

Hinduja Group company Gulf Oil Lubricants has reported a 43 per cent rise in net profit to ₹26.2 crore in the December quarter, from ₹18.2 crore in Q3 of fiscal year 2015. Gross sales rose by 9.8 per cent to ₹299 crore from ₹272.2 crore in the corresponding period last year. The board of directors declared an interim dividend of ₹3 per equity share. The stock closed 0.28 per cent lower at ₹503.55 on the BSE on Tuesday.