Castrol India today reported almost flat net profit at Rs 124.3 crore in the first quarter ended March 31, 2013.
The company's net profit stood at Rs 122.9 crore in the year-ago period, the company said in filing to the stock exchanges.
Sales too was almost unchanged at Rs 781.4 crore as compared to Rs 781.1 crore in Q1 of 2012.
Castrol follows January-December financial year.
The company board of directors decided to return Rs 5 per share to the shareholders of the company thereby reducing the nominal value of the shares from Rs 10 to Rs 5.
This is "subject to the approval of the shareholders, the statutory authorities and the Bombay High Court", it said.
