Mumbai, Feb. 10 -- While EBITDA improved by 7.80% to Rs 132.46 crore, EBITDA margin declined by 33 basis points YoY to 13.02% in Q3 FY26.

Profit before tax in Q3 FY26 stood at Rs 102.10 crore, down by 20.89% from Rs 129.06 crore recorded in Q3 FY25.

Ravi Chewla, managing director & CEO, Gulf Oil Lubricants India, commented: "Demand and sales picked up in the second half of the quarter post the prolonged monsoon and festivities.

Overall lubricants volume grew by 8%, clearly outperforming industry growth by 2x, supported by double-digit growth in key segments of 82C led by Passenger Car Motor Oil (PCMO) & Agri and across B2B segments.

The OEM Franchise Workshops (FWS) business delivered high double-digit growth, driven by strong momentu...