Gulf Oil Q1 profit up 32%; MD outlines FY27 roadmap

Gulf Oil is a company that makes lubricants, which are special oils that keep car engines and machines working smoothly.

In the first three months of its new financial year, the company made a lot more money than it did the year before.

It sold much more product than most other companies in its industry.

During this time, there were problems getting some of the ingredients for the oil because of tensions in a region called West Asia.

Ships had trouble moving through an important water route called the Strait of Hormuz.

Gulf Oil worked hard to find supplies and keep delivering oil to its customers without stopping.

To pay for higher material costs, it raised some of its prices.

The company is now building bigger factories so it can make about 70 percent more products.

It also makes chargers for electric buses and trucks through a company called TAREX, which is already earning good money.

Gulf Oil hopes the charging business will grow much bigger in the next few years.