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gulf oil corp ltd (GULFCORP) Details

Gulf Oil Corporation Limited is engaged in the lubricants, industrial explosives, mining and infrastructure services, and property development businesses in India and internationally. Its Lubricants division manufactures and markets passenger car motor, heavy duty diesel engine, tractor and agricultural, turbine and hydraulic, industrial gear, rock drill, slideway, processing, transformer, special, metal working, and compressor and refrigeration oils, as well as motorcycle, scooter, and outboard engine oils; automotive gear, transmission, brake, and clutch fluids; and marine and railroad products, greases, engine coolants, and car care products. This division sells its products through a network of approximately 2,000 distribution outlets in India. The company’s Industrial Explosives division provides manufacturing, marketing, and technical services in industrial explosives, detonators, explosive bonded metal clads, and special devices for defense and space applications. This division offers emulsion, slurry, large diameter cartridge, bulk, and underground coal mines explosives; cast and emulsion boosters; metal clad products; energetic materials, pyro devices, flexi severance cord systems, training and signaling devices, detonators for grenades, special purpose detonators, and squibs/igniters; and detonating relays and cords, raydets, seismic products, and accessories. The company’s Mining and Infrastructure Contracts division undertakes mining services in coal, iron ore, limestone, and bauxite mines; and contracts in the infrastructure sector, such as underground metro railways, elevated highways, and industrial structures/buildings. Its Property Development division develops properties in Bengaluru and Hyderabad into SEZ, industrial parks, and commercial conglomerates. The company, formerly known as IDL Industries Limited, was incorporated in 1961 and is based in Hyderabad, India.

Founded in 1961

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gulf oil corp ltd (GULFCORP) Key Developments

Gulf Oil Corporation Ltd Announces Executive Changes

Gulf Oil Corporation Ltd. announced that consequent to the Demerger of the Lubricants Division of the company and transfer of Mr. Manish Gangwal to Gulf Oil Lubricants India Limited, Mr. Ravi Jain, CFO of IDL Explosive Limited, a wholly owned subsidiary, has been appointed as the Chief Financial Officer of the company.

GULF OIL Corporation Limited, 2014 Earnings Call, May 12, 2014

GULF OIL Corporation Limited, 2014 Earnings Call, May 12, 2014

GULF OIL Corporation Limited Announces Unaudited Earnings Results for the Fourth Quarter and Audited Earnings Results for the Full Year and Consolidated Earnings for the Full Year Ended March 31, 2014

GULF OIL Corporation Limited announced unaudited earnings results for the fourth quarter and audited earnings results for the full year and consolidated earnings for the full year ended March 31, 2014. For the quarter, the company reported net sales /income from operations (net of excise duty) of INR 2,713.63 million against INR 2,651.998 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 223.815 million against INR 205.119 million a year ago. Profit from ordinary activities before tax was INR 275.947 million against INR 242.487 million a year ago. Net profit after extraordinary item was INR 183.547 million or INR 1.85 basic and diluted per share against INR 172.877 million or INR 1.74 basic and diluted per share a year ago. For the year, the company reported net sales /income from operations (net of excise duty) of INR 9,519.296 million against INR 9,447.782 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 755.46 million against INR 645.48 million a year ago. Profit from ordinary activities before tax was INR 788.262 million against INR 732.172 million a year ago. Net profit after extraordinary item was INR 583.362 million or INR 5.88 basic and diluted per share against INR 529.862 million or INR 5.34 basic and diluted per share a year ago. For the year, on consolidated basis, the company reported net sales /income from operations (net of excise duty) of INR 12,992.662 million against INR 12,640.278 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 937.057 million against INR 663.077 million a year ago. Profit from ordinary activities before tax was INR 928.362 million against INR 679.356 million a year ago. Net profit after extraordinary item was INR 702.495 million or INR 6.83 basic and diluted per share against INR 475.372 million or INR 5.06 basic and diluted per share a year ago.

 

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