Q3 numbers queer the pitch for Castrol

Dalal Street Spikes

 The company recorded a 27 per cent fall in third quarter net profit. The scrip of the lubricants company has moved in the Rs 190-200 range over the past few weeks.

 For Q3 ended September 2003, Castrol reported 27 per cent fall in net profit at Rs 28.56 crore, as compared to a net profit of Rs 39.17 crore in the corresponding period last year. Total income increased slightly by 0.9 per cent to Rs 285.98 crore, from Rs 283.42 crore.

 According to market sources, firm global crude oil prices seem to have affected Castrol