GP Petroleums Ltd (GPPL), a leading manufacturer and marketer of industrial and automotive lubricants under the IPOL brand, has reported a sharp 220 percent year-on-year rise in net profit for the first quarter of FY27 (April-June 2026 quarter), driven by robust revenue growth, higher operating margins and an improved product mix. The company's profit after tax (PAT) climbed to Rs 20.6 crore during the April-June quarter of FY27, compared with Rs 6.4 crore in the corresponding period last year.
Revenue from operations increased 46 percent to Rs 230.3 crore from Rs 158.2 crore a year earlier, reflecting strong demand and continued momentum across its product portfolio. Operating profitability improved significantly during the quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) nearly tripled to Rs 29.2 crore from Rs 10 crore in the year-ago period, while the EBITDA margin expanded to 12.7 percent from 6.4 percent.
GP Petroleums said the strong quarterly performance was underpinned by its focus on higher-margin specialty manufacturing, operational efficiencies and disciplined execution. The company noted that its manufacturing-led business model enabled it to navigate the evolving geopolitical environment while sustaining profitable growth.
The company also reported a strong sequential improvement over the previous quarter. Revenue rose from Rs 162.7 crore in the January-March 2026 quarter to Rs 230.3 crore in the latest quarter. EBITDA, before exceptional items, increased from Rs 14.7 crore to Rs 29.2 crore, while PAT more than doubled from Rs 9.3 crore to Rs 20.6 crore. Reflecting confidence in its financial performance, the Board of Directors has recommended a dividend of Re.0.50 per equity share of Rs 5 each, representing 10 percent, for FY26.
Focus on operational excellenceCommenting on the results, a company spokesperson said GP Petroleums had begun FY27 on a strong footing with robust growth in both revenue and profitability, supported by its continued transition towards higher-margin specialty manufacturing and an improved product mix. The spokesperson added that strategic business decisions and a manufacturing-centric operating model had enhanced the company's resilience amid global geopolitical uncertainties while improving profitability.
The company remains focused on operational excellence, strengthening corporate governance and adopting artificial intelligence-driven solutions to improve efficiency and decision-making. The recommended interim dividend, the spokesperson said, underscores the company's commitment to creating long-term value for shareholders.
Export-centric approachFounded in 1973, GP Petroleums is an ISO-certified public limited company engaged in the formulation, manufacturing and marketing of industrial lubricants, automotive lubricants, process oils, transformer oils, greases and specialty products under its flagship IPOL brand. Over the past five decades, the company has established a significant presence in the industrial lubricants, rubber process oils and automotive lubricants segments.
The company operates a manufacturing facility at Vasai near Mumbai with a base oil storage capacity of 15,000 kilolitres and an annual blending capacity of 80,000 kilolitres. Its products comply with leading international specifications, including API, JASO and ACEA standards, and are supplied to a broad range of industrial and automotive applications. GP Petroleums exports its products to more than 12 countries and also has an exclusive partnership with Spanish energy major Repsol for the manufacturing and distribution of Repsol-branded lubricants in India, strengthening its position in the domestic and international lubricants market.
DILIP KUMAR JHA
Editor
dilip.jha@polymerupdate.com
