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Entry Price

721.00

Target

725.00

Recommend Date

10-02-2021

Return

0.55 %
BUY

Date : 10-02-2021

Gulf Oil Lubricants’ (GOL) operating revenue for Q3FY21 increased 14.2% YoY to | 481.9 crore on account of robust growth in sales volume. Volumes were at 33 million litre, up ~16% YoY. EBITDA/litre was at | 25.3/litre, down 7.1% YoY. EBITDA came in at | 83.4 crore, up 7.5% YoY due to better topline. Subsequently, PAT increased 14.6% YoY to | 64 crore.