*Gulf Oil Lubricants India Ltd.* | *CMP* Rs. 594 | *M Cap* Rs. 2995 Cr | *52 W H/L* 846/548
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 533.5 Cr (27.8% QoQ, 29.6% YoY) vs QoQ Rs. 417.4 Cr, YoY Rs. 411.7 Cr
EBIDTA came at Rs. 77.3 Cr (83.4% QoQ, -1.4% YoY) vs QoQ Rs. 42.1 Cr, YoY Rs. 78.3 Cr
EBITDA Margin came at 14.5% vs QoQ 10.1%, YoY 19%
Adj. PAT came at Rs. 58.7 Cr vs QoQ Rs. 30.4 Cr, YoY Rs. 59.1 Cr
Quarter EPS is Rs. 11.6
Share is trading at P/E of 12.3x FY23E EPS