GP Petroleums Limited (GPPL), which manufactures and markets industrial and automotive lubricants under the “IPOL” brand, has reported a mixed but resilient set of results for the quarter and year ended March 31, 2026.
The performance was marked by improved margins and modest profit growth despite pressure on quarterly revenue.
In Q4FY26, the company’s Revenue from Operations fell to Rs. 163 crore from Rs. 183 crore in the same quarter last year. However, profitability improved, with EBITDA rising to Rs. 14.7 crore versus Rs. 13.2 crore in Q4FY25.
EBITDA margin expanded sharply to 9% from 7% year-on-year. Profit After Tax (PAT) increased to Rs. 9.3 crore from Rs. 8.6 crore in the corresponding quarter.
For the full financial year FY26, GP Petroleums posted Revenue from Operations of Rs. 643 crore, up 5% from Rs. 610 crore in FY25. EBITDA rose to Rs. 44.7 crore from Rs. 42.0 crore, while PAT stood at Rs. 26.50 crore, marginally higher than Rs. 26.3 crore in the previous year.
The company noted that FY26 PAT was impacted by a wage provision of Rs. 3.25 crore, equivalent to about 12% of profit.
Summarising the quarterly performance, the company said revenue in Q4FY26 stood at Rs. 163 crore versus Rs. 183 crore in Q4FY25, EBITDA at Rs. 14.7 crore compared to Rs. 13.2 crore, and PAT at Rs. 9.3 crore versus Rs. 8.6 crore.
On a full-year basis, revenue increased to Rs. 643 crore from Rs. 610 crore, EBITDA improved to Rs. 44.7 crore from Rs. 42.0 crore, and PAT edged up to Rs. 26.50 crore from Rs. 26.3 crore.
Commenting on the performance, the company said: "During Q4FY26 & FY26, we continued to strengthen our market position across key lubricant and process oil categories, supported by strong customer relationships, operational efficiencies and an expanding product portfolio.
"Our focus on quality, innovation and customized solutions enabled us to deliver resilient performance despite evolving market conditions. We continue to see encouraging opportunities in industrial lubricants, process oils and premium automotive lubricants.
"However, towards the end of Q4FY26, geopolitical developments have created uncertainty and price volatility, resulting in sharp increase in crude-linked raw material costs and currency weakness, which may result in short-to-medium-term challenges.”
