We look at growing 10-12 percent in terms of volumes, Ravi Chawla, MD of Gulf Oil Lubricants India said.
Rajiv Chawla, MD, Gulf Oil Lubricants India said it was a record quarter for the company in terms of volumes and profits despite GST impact.
In an interview to CNBC-TV18, Ravi Chawla, MD of Gulf Oil Lubricants India spoke about the results and his outlook for the company.
In an interview with CNBC-TV18, Ravi Chawla, MD of Gulf Oil said that volume growth has been strong across all segments and the second quarter has seen a volume growth of 10 percent.
Have seen good increase in commercial vehicles volume, says Ravi Chawla, MD of Gulf Oil Lubricants India.
Besides the motorcycle oil segment, the company also saw demand from the car, commercial vehicles and industrial infrastructure segments, said Ravi Chawla, MD, Gulf Oil Lubricants.
In Q2, the company saw strong volume growth of 6 percent and a 4 percent total income growth to Rs 249 crore.
Ravi Chawla, Managing Director of Gulf Oil Lubricants told CNBC-TV18 that a price war in the market could neutralise much of the benefits from lower input costs because of falling crude prices
Gulf Oil Lubricants has joined hands with Schwing Stetter to market co-branded lubricants. In an interview to CNBC-TV18, Ravi Chawla, MD, Gulf Oil Lubricants India, discusses the deal and the company‘s future plans.
Gulf Oil Lubricants India is looking at increasing its capacity at the Silvassa facility from 75000 mt to go up to 90000 mt, said MD Ravi Chawla.
Gulf Oil Lubricants India posted a profit after tax (PAT) of Rs 19.40 crore and gross turnover of Rs 284 crore for Q2.