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Mumbai: Hinduja Group company, Gulf Oil Corporation, has posted a profit after tax of of Rs 12.28 crore in Q2 FY 10 as against a loss of Rs 0.98 crore in the year-ago period.
The total revenue in the reporting quarter stood at Rs 228.75 crore as against Rs 225.99 crore in the year-ago period.
For the half-year ended September 30, its turnover stood at Rs 509 crore as against Rs 481 crore in the same period a year-ago,a company press release said.
Profit after tax increased by 3.3 times to Rs 33.24 crore as against Rs 7.67 crore in the year-ago period.
Lubricants division achieved a gross turnover of Rs 106.69 crore as against Rs 118.93 crore in the same time a year-ago.
The explosives division revenue grew 20 per cent to Rs 70.55 crore as against 59.01 crore in the same time last-year.
The mining and infrastructure division achieved revenue of Rs 51.46 crore, a growth of 7 per cent over corresponding quarter of last year supported by expansion of activities in iron ore mining areas, the release said.
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