GP Petroleums Limited generated revenue of Rs. 176 crores in Q1 FY25 whereas Profit Before Tax (PBT) for the quarter has grown by 34% to Rs. 8.30 crore from Rs. 6.20 crore in Q1 FY 2023-24.

Arjun Verma, ED & CFO said, “The company has successfully achieved higher margins by optimising costs and making strategic pricing decisions, driven by quick and accurate assessments of raw material price trends in both international and domestic markets. Although the core manufacturing business experienced a marginal decline in volumes, the increase in Profit Before Tax (PBT) underscores the company’s resilience and long-term stability, even amid the volatility in oil markets influenced by the deepening global tensions."

“He is highly confident in the company's prospects for future growth. With its technical expertise, an outstanding team, and a strong market position, he is optimistic that the company is poised to achieve new heights in the near future,” added Verma.

GP Petroleums Ltd., a major player in the lubricants industry which specializes in formulating, manufacturing and marketing of industrial and automotive lubricants, process oils, greases and other specialties under the brand name IPOL and is a trusted brand since 1973. GPPL has invested in high precision, quality-control and product development labs to meet global standards and OEM expectations.

The company has a well-established network of distributors and dealers across the country. The company has also signed an exclusive license agreement with Repsol SA, Spain to manufacture and market REPSOL brand of lubricants in India to cater to the premium lubricant segment.