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HDFC Securities Report
Gulf Oil Lubricants India Ltd. reported encouraging volume growth of 7% YoY in Q2 FY21, as it benefitted from pent-up demand.
The share of high-margin personal mobility increased to 24% (from 20% in Q1 FY21) as volumes recovered, resulting in a multi-quarter high Ebitda margin of 19%.
Further, the company has collaborated with a renowned Korean company ‘S-Oil' to expand its presence in the personal car segment.
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