GP Petroleums Limited Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended December 31, 2017
January 22, 2018 at 01:40 pm IST
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GP Petroleums Limited announced unaudited earnings results for third quarter and nine months ended December 31, 2017. For the quarter, the company reported total income from operations was INR 2,007.866 million against INR 1,418.075 million a year ago. Profit from operations before exceptional items & tax was INR 88.059 million against INR 51.147 million a year ago. Profit from ordinary activities before tax was INR 88.059 million against INR 51.147 million a year ago. Net profit was INR 57.841 million against INR 33.544 million a year ago. Basic and diluted earnings per share were INR 1.13 against INR 0.66 a year ago. Revenue from operations was INR 1,979.761 million against INR 1,414.600 million a year ago.
For the nine months, the company reported total income from operations were INR 4,391.529 million against total INR 3,998.787 million a year ago. Profit from operations before exceptional items & tax was INR 189.846 million against INR 220.796 million a year ago. Profit from ordinary activities before tax was INR 189.846 million against INR 220.796 million a year ago. Net profit was INR 124.107 million against INR 144.303 million a year ago. Basic and diluted earnings per share were INR 2.43 against INR 2.83 a year ago. Revenue from operations was INR 4,358.797 million against INR 3,919.890 million a year ago.
GP Petroleums Limited is an India-based company, which is engaged in formulation, manufacturing and marketing of industrial lubricants, automotive lubricants, process oils, transformer oils, greases, and other specialties under its renowned brand name, IPOL. The Company also trades in base oils, bitumen and fuel oil. The Company's products include automotive lubricants, such as engine oils, gear oils and transmission oils, greases and specialties, covering the entire market spectrum of two-wheelers, cars, commercial and off-highway vehicles. Its industrial lubricants comprise general-purpose lubricating oils like hydraulic oils, slideway oil, spindle oils and gear oils, and industrial greases. Its products cater to a range of industries, including general engineering, automotive, plastics, sugar mills, transformers, rubber components, paint, cosmetics, tire, textiles, cement and mines. It operates a manufacturing facility in Vasai, near Mumbai.