BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Gulf Oil Lubricants India Ltd.'s revenue were above our estimates on revenue front. Agriculture segment has been a surprise demand driver which showed a double digit growth in the quarter.
All other segments have shown de-growth and is now picking up. Volume in Q1 FY21 was 17.5 thousand kilolitre de-grew 41% YoY and by 30% QoQ against our estimate of 13 thousand kilo litre.
All businesses for Gulf Oil Lubricant showed de-growth with factory fills taken a massive hit.
Gross margins contracted by 300 basis points YoY and 392 basis points sequentially due to reduced traction from business to customer to 59% (normal 63-64%) and increase in trade schemes in the retail channel to push sales.
Net realisations were down 7.7% YoY and 4.2% QoQ to Rs 137.8 per litre.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
