Castrol India

Till 11:11 am; a combined 27.24 million equity shares representing 2.75 per cent of total equity of the company have changed hands on the NSE (26.35 million shares) and BSE (0.89 million shares).

British firm holds 51% stake in Castrol India valued at Rs 11,000 crore

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Castrol India share price gained 9.68 per cent at Rs 193.75 a piece on the BSE in Tuesday's intraday trade after the company reported steady fourth quarter results for the calendar year 2024

Quarterly revenue grew 7.1 per cent to 13.54 billion rupees in the October to December quarter due to higher sales of its lubricants for two-wheelers and commercial vehicles

The Bombay High Court has ordered 'Flying Beast' Gaurav Taneja to remove two videos after Castrol India accused him of copyright infringement for not crediting the company

Additionally, the counter has surpassed its recent swing high, coinciding with earlier breakout zones, backed by rising volumes

The company, in which oil major BP has a 51 per cent stake, said profit after taxes rose to Rs 207 crore ($24.6 million) in the July-September quarter, from Rs 194 crore a year ago

Castrol India announced that Satyavati Berera will join the board as an Independent Director and Chairperson of the Audit Committee, effective October 1

Lubes maker Castrol India Limited reported a marginal 3 per cent growth in profit after tax (PAT) to Rs 232 crore for the June 2024 quarter. The company had posted a PAT of Rs 225 crore in the April-June period of 2023. The revenue from operations during the second quarter rose 5 per cent to Rs 1,398 crores compared to Rs 1,334 crore in the corresponding quarter of the previous year, Castrol India said. Castrol India follows the January-December period of the year for financial reporting. "Our balanced focus on volumes and margins, along with our commitment to innovation and brand building, has driven revenue growth," Deepesh Baxi, Chief Financial Officer at Castrol India Limited, said. Looking ahead, the ongoing innovations in products and services, coupled with strategic brand investments, will sustain our growth momentum, he said. "Potential stabilisation of input costs in the latter half of the year could signal a positive trend for the industry," Baxi added.

Castrol India stock update: In the past one year, the stock price of Castrol India has more-than-doubled, zooming 107 per cent, as compared to 23 per cent rally in the benchmark index

The uptick in share price came after the company board appointed Kedar Lele as additional director and managing director for 5 years, with effect from November 1

Revenue from operations grew 2.4% to Rs 13.25 billion , despite soft consumer demand initially in the quarter, Managing Director Sandeep Sangwan said

In past five months, Castrol has zoomed 66 per cent. Meanwhile, the company has guided margins to be in the range of 23-26 per cent and volume growth of 5 per cent in CY24.

Castrol India's profit after tax came in at 2.42 billion rupees ($29.2 million), up from 1.93 billion rupees a year ago, it said in an exchange filing

Rainfall in September made up for a deficit in the first half of the quarter, according to analysts, leading to a recovery in rural demand, particularly in sectors such as two-wheelers

Lubes maker Castrol India on Monday reported a 9 per cent growth in profit after tax at Rs 225 crore in the June quarter. The company had posted a profit after tax (PAT) of Rs 206 crore a year ago. The revenue from operations during the second quarter of the current calendar year stood at 1,334 crore, compared to Rs 1,242 crore in the year-ago period, the company said in a statement. Castrol India follows the January-December calendar year (CY) for its financial reporting. In the last quarter, we focused on achieving growth through increased volume. Despite challenges, we flourished, showcasing resilience and innovation in products and services, said Sandeep Sangwan, managing director, Castrol India Limited. During the quarter, Sangwan said, the company expanded its portfolio by entering the auto care range and launching new products, and tie-ups with some organisations strengthened the market position. Our success is attributed to a robust supply chain and customer-centric servi

Vehicle service provider is present across India through around 25,000 garages and 1,100 outlets

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Lubes maker Castrol India on Monday reported its profit after tax at Rs 193 crore in the October-December quarter of 2022. The company had reported a PAT (profit after tax) of Rs 189 crore in the corresponding quarter of the preceding year. The company follows calendar year (January-December) for financial reporting. The revenue from operations during the quarter under review stood at Rs 1,176 crore, registering an 8 per cent growth over Rs 1,091 crore delivered in the October-December period of 2021, it said. For the full year ended December 2022, PAT grew 8 per cent to Rs 815 crore from Rs 758 crore in the year earlier. Revenue from operations in 2022 stood at Rs 4,774 crore against Rs 4,192 crore a year ago, up 14 per cent year-on-year, it said. "2022 was marked by high forex and inflationary pressures arising from volatile crude oil prices, leading to rising costs of additives and base oil. We balanced our volumes and margins through timely pricing decisions and rigorous cost