We enclose herewith a Press Release issued by the Company in respect of the Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026.

October 28, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra-Kurla Complex Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 538567 Scrip symbol: GULFOILLUB Through: BSE Listing Centre Through: NEAPS Dear Sir/ Madam, Sub.: Press Release in respect of Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026 Ref.: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 We enclose herewith a Press Release issued by the Company in respect of the Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026. Kindly take the same on record. Thanking you. For Gulf Oil Lubricants India Limited Manish Kumar Gangwal Whole-Time Director & CFO DIN: 00255201 Encl.: as above Press Release Q2 & H1 FY27 Gulf Oil sustains strong growth momentum in Q2, demonstrating agility amid continued challenging market conditions Q2 Revenue grows 44% & PAT 34%. H1 EBITDA grows 36% Mumbai, Oct 28th 2026: Gulf Oil Lubricants India Limited, a Hinduja Group Company, has today reported its unaudited financial results (Standalone and Consolidated) for the quarter and half-year ended September 30, 2026. Key highlights (Standalone) are as under: Performance at a Glance (Rs/Crores) Particulars Q2 FY27 Q2 FY26 YOY H1 FY27 H1 FY26 YOY Revenue from Operations 1,379 957 44% 2,700 1,953 38% EBITDA 163 118 37% 333 245 36% EBITDA Margin (%) 11.8% 12.4% -58 BPS 12.3% 12.5% -21 BPS PAT 117 87 34% 245 184 33% EPS (Rs.)* 23.65 17.67 49.41 37.27 *Not annualised During the quarter ended Sept 30, 2026, on a Standalone basis, the Company reported Revenue from Operations of Rs. 1,379 Crores as compared to Rs. 957 Crores in the corresponding quarter of the previous year, registering a growth of 44%. PAT stood at Rs. 117 Crores as against Rs. 87 Crores, reflecting a growth of 34% compared to the quarter ended Sept 30, 2025. During the half-year ended Sept 30, 2026, on a Standalone basis, the Company reported Revenue from Operations of Rs. 2,700 Crores as compared to Rs. 1,953 Crores in the corresponding previous year, registering a growth of 38%. PAT stood at Rs. 245 Crores as against Rs. 184 Crores, reflecting a growth of 33% compared to the half-year ended Sept 30, 2025. Key highlights for the quarter • Strong lubricants Volume growth of 16% Y-o-Y despite tough markets amid West Asia supply crisis • Robust Volume-Led Profitable growth with over 44% increase in Revenue; Delivered over 37% growth in EBITDA. • Unprecedented input cost inflation and pricing challenges continued • Agility in execution, strategic pricing interventions and effective opportunity conversion supported customer • acquisition and growth Management Commentary Commenting on the overall performance, Mr. Ravi Chawla, Managing Director & CEO said: “Q2 was testament to our agility amid the continued challenging environment. Despite elevated input cost and Q2 being a monsoon quarter, we stayed strong with the growth momentum delivering industry leading 16% lubricants volume growth during the quarter. The performance was underpinned by distribution expansion in B2C. Strong market execution and continued customer engagement specially in OEM and B2B segments, led to high-double digit growth in these segments. Our investment in brand, mechanic engagement, and BTL activities continued with greater vigour. We continue to focus on premiumisation as part of our strategy and our efforts in this direction continue to gain momentum. Looking ahead, with best-in-class business model, our priorities remain clear: profitable growth, operational excellence and long-term value creation. We remain confident to continue outperforming the industry supported by a diversified portfolio, strong partnerships, brand strength and a continued focus on transformation with premiumization and building capabilities into broader mobility solutions.” Commenting on the results Mr. Manish Gangwal, Whole-Time Director & CFO said: “We continued our strong growth momentum in Q2, delivering 44% Y-o-Y gain in revenue, driven by strong volume growth in a quarter marked by continued volatility, with the West Asia crisis keeping the key raw material prices significantly elevated. Our timely pricing interventions and effective sourcing helped us to manage our per litre margin band with focus on gaining market share across segments. We closed the quarter and half year on a strong note, reporting 37% growth in EBITDA during the quarter supported by strong volume growth and calibrated pricing actions, with margins at 11.8%. H1 revenue reached Rs 2,700 crore, registering 38% growth. While the operating environment remains challenging, we continue to focus on strategic sourcing, supply-chain efficiencies, product portfolio optimisation and operational excellence to manage cost pressures. We remain confident in our long-term growth opportunities and committed to executing our strategy with a focus on profitable growth, margin resilience and sustained value creation.” Key Highlights Segment Performance: • OEM Franchise Workshop (FWS) delivered high double-digit growth driven by Agri and CVO segments. • OEM Factory fill delivered excellent double-digit growth across categories. • B2B Industrial, Infrastructure, and Mining segments delivered strong double-digit growth, supported by strong customer reach and addition of new customers during the quarter. • Marine segment continued to support our volume growth. • In E-mobility, our subsidiary Tirex expanded presence across OEM, CPOs and fleet segments with new customer additions driving growth in fast-charging infrastructure. The Company delivered 78% growth in revenue during the quarter. Strategic/Corporate Updates • Chennai plant awarded the IGBC Platinum Certification, a significant milestone that underscores the Company's strong commitment to sustainability. • The Afforestation and Water Stewardship Project at the SRPF Training Centre in Navneej, Maharashtra, entered its third year, and received recognition from Maharashtra Police for its meaningful contribution to local environmental initiatives. Marketing Updates Gulf Pride Unveils New Brand Platform “Kuch Behad Kar” Featuring MS Dhoni in one of our biggest marketing campaigns Gulf Oil Lubricants Bets on Ambition Over Engine Size in Latest Brand Push celebrating the spirit of India's new age rider. Kuch Behad Kar' - a new positioning platform for its flagship motorcycle oil brand, Gulf Pride, featuring long-standing brand ambassador MS Dhoni. Sharpening Gulf Pride's enduring promise of performance, the platform speaks to a generation of young Indians whose ambition isn't defined by the resources at hand, captured in the campaign's central insight, "Sapna CC dekh kar nahi aata”. The campaign reflects our conviction, as a challenger brand and is central to how the company sees Gulf Pride's next phase of growth in India. Formulated with Oxybitor technology, Gulf Pride is engineered to deliver exactly this- a superior pick-up and engine performance which gives riders the added advantage. The campaign comes to life through a 360-degree campaign spanning TV, digital, social, retail and on-ground activations across India. About GOLIL: Gulf Oil Lubricants India Limited (GOLIL), part of the Hinduja Group, is one of India's leading lubricant, mobility and fluid solutions companies. The Company offers a comprehensive portfolio of automotive and industrial lubricants, AdBlue, EV fluids and mobility solutions, serving passenger vehicles, commercial vehicles, industrial customers and OEM partners. With a strong portfolio of trusted brands, an extensive pan-India distribution network, over 50 OEM partnerships, exports to over 25 countries and a growing presence across emerging mobility solutions, GOLIL continues to outperform th [Showing first 8,000 characters — download PDF for full document]