Gulf Oil Lubricants India Ltd. reported a decline in net profit for its second quarter ending Sept. 30, compared to the same period a year earlier.
Net profit for the Mumbai-based company stood at Rs 4,029 lakhs (Rs 402.91 million or U.S. $5.65 million) down from Rs. 4,042 lakhs during the same period last year. Revenue from operations for the second quarter leaped 29 percent to Rs 41,721 lakhs. During