Business Standard

Monday, December 23, 2024 | 01:46 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Castrol India results: Net profit rises 3% to Rs 232 cr in June quarter

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, Castrol oil, Oil, motor oil

Castrol India follows the January-December period of the year for financial reporting. | Image: Wikimedia Commons

Press Trust of India Mumbai

Listen to This Article

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.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 30 2024 | 6:34 PM IST

Explore News