Hinduja Group company Gluf Oil’s net profit fell 4.59 per cent in the July-September quarter. During this, it remained Rs 59.13 crore.
New Delhi: Hinduja Group company Gluf Oil’s net profit fell 4.59 per cent in the July-September quarter. During this, it remained Rs 59.13 crore. Last year in the same quarter, the company had a net profit of Rs 61.98 crore. The company said in a statement on Saturday that its net sales fell by two per cent to Rs 411.74 crore during the review period. Last year it was Rs 421.28 crore in the same period.
Ravi Chawla, managing director and chief executive officer of Gulf Oil, said, “Demand is improving across categories. We are happy that our performance in this quarter has been better both in terms of business and profits. Gulf Oil is engaged in the business of engine oil and lubricants.
