{"id":106220,"date":"2023-08-04T14:47:23","date_gmt":"2023-08-04T09:17:23","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106220"},"modified":"2023-08-04T14:47:25","modified_gmt":"2023-08-04T09:17:25","slug":"hinduja-group-stock-jumps-up-to-12-after-company-reports-24-increase-in-net-profit","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/hinduja-group-stock-jumps-up-to-12-after-company-reports-24-increase-in-net-profit\/","title":{"rendered":"Hinduja Group stock jumps up to 12% after company reports 24% increase in net profit\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1829070460\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>A leading lubricant manufacturing and marketing company gained 12 percent to reach a 52 week high price of Rs 607.40 apiece on Friday trade following the company\u2019s impressive June quarter financial results.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-733620598\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 2:28 p.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GULFOILLUB\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Gulf Oil Lubricants India Ltd<\/a><\/strong> shares were trading at Rs 574.50 a share on the National Stock Exchange, up Rs 35.30 or 6.55 percent.\u00a0<\/p><p>As per exchange filing, Company\u2019s net profit increased by 24 percent to Rs 68 crore in Q1FY24 as compared to Rs 55 crore in the corresponding quarter of the previous year Q1FY23,while company revenue increased by 15 percent to Rs 825 crore in the latest quarter as compared from Rs 715 crore in same quarter last year.\u00a0<\/p><p>In comparison to the previous quarter (Q4 FY 22-23), operational revenue slightly grew by 2.3 percent from 792 crore in Q4FY23 to 811 crore in Q1FY24, while net profit improved by 9 percent from 62 crore to 68 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3628516203\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In the previous six months, the stock has climbed by 33 percent, and in the last year, it has increased by 30 percent.&nbsp;<\/p><p>Gulf Oil Lubricants profitability metrics,shows that return on equity stands at 19.71 percent, the return on capital employed at 28.56 percent,while the net profit margin at 7.74 percent, and the operating margin at 11.68 percent.&nbsp;<\/p><p>As per the current shareholding pattern, the promoters hold 72 percent of the company,Domestic institutional investors own 6.7 percent and retail investors own 17.58 percent stake.&nbsp;<\/p><p>Gulf Oil Lubricants Ltd is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants.Its products include passenger car motor oils, heavy duty diesel engine oils and many more.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2800304552\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>A leading lubricant manufacturing and marketing company gained 12 percent to reach a 52 week high price of Rs 607.40 apiece on Friday trade following the company\u2019s impressive June quarter financial results.&nbsp; At 2:28 p.m., Gulf Oil Lubricants India Ltd shares were trading at Rs 574.50 a share on the National Stock Exchange, up Rs [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10574,10576,10573,948,936,10575],"class_list":["post-106220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-gulf-oil-lubricants-latest-news","tag-gulf-oil-lubricants-q1-results-2023","tag-gulf-oil-lubricants-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-gulf-oil-lubricants-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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