Hinduja Group's Gulf Oil Corporation Ltd today posted a net profit of Rs 13.02 crore for the second quarter ended September 30,2011. The company had net profit of Rs 12.31 crore in the same quarter last fiscal,Gulf Oil Corporation said in a filing with the BSE. Figures for the current quarter results were not comparable as the previous year figures included transactions relating to the transfer of explosives undertaking to IDL Explosives limited,it said. Total income of the oil marketing and distribution firm stood at Rs 228.03 crore in the quarter under review while it was Rs 245.04 crore during the same period previous year,it said. For the six-month period ended September 30,2011,it earned a net profit of Rs 28.08 cr whereas it stood at Rs 21.62 crore in the half-yearly period previous year. Similarly,total income stood at Rs 449.17 crore in the six-month period under review while it was Rs 477.61 crore during the same period last fiscal. Shares of the company closed at Rs 74.20,marginally down from the previous close on the BSE. Company INFO More on Gulf Oil Stocks More on Gulf Oil
