Gulf Oil’s Q3 net profit to go up significantly

India Infoline News Service | Mumbai | February 08, 201618:45 IST

IIFL forecasts the company’s net profit for Q3 FY16 to soar to Rs. 23.9 crore, growing at a rate of 31.1% yoy and 1.2% qoq.

Gulf Oil Lubricants India
Gulf Oil Lubricants India Ltd, one of leading lubricant oil companies in India, will announce its financial results on February 9 for the third quarter ended December 31, 2015.

IIFL forecasts the company’s net profit for Q3 FY16 to soar to Rs. 23.9 crore, growing at a rate of 31.1% yoy and 1.2% qoq.       

IIFL expects net revenue to surge to Rs. 284 crore at 3.9% yoy; however, it is expected to dip 0.4% qoq.    

IIFL expects EBIDTA margin at 15.7%, with a yoy rise of 2.4 bps.  

Other key Q3 results on February 9 include Apollo Tyres, Aurobindo Pharma, Bharat Forge, Britannia, CESC, Dr Reddy’s Lab, GAIL, GMDC, Hindalco Industries, MOIL, Motherson Sumi, SAIL, Ramco Cement and Timken India.

***Note: This is a NSE Chart

 

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