Sah Petroleums Ltd. saw its sales revenue decline by 3.1 percent in the fiscal year ended March 31. Still, the Mumbai-based lubricant and process oil supplier was able to climb out of the red thanks to lower finance costs.
Sah posted net sales of rupees 40,245 lakh (4 billion rupees or U.S. $68 million) for 2013-2014, compared to 
41,542 lakh in 2012-2013. The companys expenses also declined, from 
40,566 lakh to 39,026. As a result, profit from ordinary activities rose from 1,606 lakh to Rs. 1,669 lakh.
But the company also reduced its finance costs from 1,812 lakh in 2012-2013 to 1,406 lakh in 2013-2014. That raised its net profit to 104 lakh for the year ended in March, compared to a net loss of 126 lakh a year ago.
Sah claims to be one of Indias largest producers of industrial lubricants. It also supplies process oils and automotive lubricants, and it has manufacturing facilities at Thane, Maharashtra state and Nani Daman, Daman and Diu.