GP Petroleums LimitedQ2 FY27 Results & Financial Update
GP Petroleums Limited: Q2 FY27 consolidated results and company financials – revenue ₹340.75 Cr, PAT ₹14.65 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore GP Petroleums Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
For the second quarter ended September 30, 2026 (Q2 FY27), GP Petroleums reported consolidated revenue from operations of INR 340.75 crore, alongside total income of INR 342.058 crore. This represents a significant sequential expansion from the previous quarter.
Consolidated Profit Before Tax (PBT) for the quarter stood at INR 20.28 crore, while Profit After Tax (PAT) reached INR 14.6535 crore, delivering basic and diluted earnings per share (EPS) of INR 2.87.
On a sequential basis, revenue expanded significantly compared to Q1 FY27, though net profit moderated slightly by 28.81% from INR 20.5833 crore reported in the preceding quarter due to rising provisions and tax expenses.
Total expenses for the quarter included finance costs of INR 1.18 crore, depreciation and amortisation of INR 0.8881 crore, and tax expenses totaling INR 5.005 crore.
Other income contributed INR 1.3061 crore to the top line during the quarter, supported by interest income of INR 0.1511 crore.
Provisions for the quarter stood at INR 18.1289 crore, reflecting operational and asset provisioning adjustments during the period.
Managing Director Arjun Verma noted that the lubricant sector experienced steady industrial demand amidst evolving raw material cycles and competitive pressures, against which the company delivered a resilient operating performance.
01 · Business model
What does GP Petroleums do?
GP Petroleums Limited is a publicly listed manufacturer and marketer of industrial and automotive lubricants, process oils, greases, and other specialty products marketed primarily under its flagship IPOL brand.
With over five decades of operational presence in the sector, the company caters to a diverse customer base spanning industrial manufacturing units and automotive end-users across domestic and overseas markets.
The business model relies on navigating raw material price cycles in base oils and additives, maintaining robust distribution channels, and expanding into higher-margin specialty product segments.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹340.75 Cr | ₹230.33 Cr |
| Total income | ₹342.06 Cr | ₹231.69 Cr |
| Profit before tax | ₹20.28 Cr | ₹28.23 Cr |
| Profit after tax | ₹14.65 Cr | ₹20.58 Cr |
| EPS | ₹2.87 | ₹0.00 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 4.3% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 6.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹1.31 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue was supported by steady industrial and automotive demand for lubricants, process oils, and greases across domestic and overseas markets.
What drove margins
Margins were influenced by evolving raw material cycles for base oils and additives alongside ongoing competitive pricing pressures within the lubricant sector.
04 · Segments, products & geography
Which parts of the business are doing the work
Geography and market mix
The company serves both industrial and automotive customers across India and international export geographies.
05 · Strategy & new businesses
How the company is trying to change its growth mix
The board approved raising up to INR 130 crore through structured Non-Convertible Debentures (NCDs) and Optionally Convertible Debentures (OCDs) with RevX Special Credit Opportunities Fund II to fortify working capital and fund expansion into high-margin specialty segments.
06 · Reported developments
What changed operationally
Consolidated revenue from operations expanded to INR 340.75 crore in Q2 FY27 from INR 230.33 crore in Q1 FY27.
Board approval for up to INR 130 crore in structured debt instruments aims to optimize cash flows and fortify working capital.
07 · Pressure points & risks
What is not going smoothly
Consolidated PAT moderated sequentially by 28.81% to INR 14.6535 crore compared to INR 20.5833 crore in the preceding quarter.
08 · Items worth noticing
The line items that can distort a quick read
The consolidated financials reflect provisions amounting to INR 18.1289 crore for the quarter.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Leadership Commentary on Strategy
Managing Director Arjun Verma stated that combining disciplined operational efficiencies with robust institutional governance positions the company to enhance market share and deliver long-term value.
10 · Previous-quarter changes
What changed since the previous quarter
Revenue increased from INR 230.33 crore in Q1 FY27 to INR 340.75 crore in Q2 FY27, while PAT adjusted from INR 20.5833 crore to INR 14.6535 crore over the same period.
11 · Key Q&A
The quarter, answered directly
What does GP Petroleums do?
GP Petroleums Limited is a publicly listed manufacturer and marketer of industrial and automotive lubricants, process oils, greases, and other specialty products marketed primarily under its flagship IPOL brand.
What is the clearest takeaway from Q2 FY27?
For the second quarter ended September 30, 2026 (Q2 FY27), GP Petroleums reported consolidated revenue from operations of INR 340.75 crore, alongside total income of INR 342.058 crore. This represents a significant sequential expansion from the previous quarter.
What drove revenue or demand?
Revenue was supported by steady industrial and automotive demand for lubricants, process oils, and greases across domestic and overseas markets.
What mattered most for margins or profitability?
Margins were influenced by evolving raw material cycles for base oils and additives alongside ongoing competitive pricing pressures within the lubricant sector.
What changed operationally beyond the headline numbers?
The board approved raising up to INR 130 crore through structured Non-Convertible Debentures (NCDs) and Optionally Convertible Debentures (OCDs) with RevX Special Credit Opportunities Fund II to fortify working capital and fund expansion into high-margin specialty segments.
What are the main pressure points disclosed for the quarter?
Consolidated PAT moderated sequentially by 28.81% to INR 14.6535 crore compared to INR 20.5833 crore in the preceding quarter.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Raw Material Price Trends: Track the trajectory of base oil and additive input costs alongside competitive realizations in subsequent quarters.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.