Gulf Oil’s Q3 net profit to go up significantly

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.

Feb 08, 2016 06:02 IST India Infoline News Service

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.

Related Story

Open Free Demat Account (Rs699)