Gulf Oil Lubricants India, a Hinduja group company, reported record net profit of ₹42.48 crore in the December 2017 quarter, up nearly 60 per cent year-on-year. Profit was boosted by growth in the volumes, which hit a high of 22 per cent this quarter against an average 11-12 per cent. Net revenues stood higher at ₹355.95 crore (₹264.89 crore).