Castrol India

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

Castrol India Q2FY25 results: Net profit increases 6.7% to Rs 207 cr

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 appoints Rakesh Makhija chairman as R Gopalakrishnan exits

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

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

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 shares zoom 18% on huge volumes, trade near record high

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

Castrol India stock price rises over 4% on appointment of Kedar Lele as MD

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

Castrol India's Q1 profit rises on new product launches, resilient demand

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

Castrol India soars 9%; hits seven-year high on heavy volumes

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 Q4 results: Net profit rises 25% to Rs 242 crore on healthy demand

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

Castrol India Q3 results: Net profit rises 4% at Rs 194 cr on steady demand

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

Castrol India logs 9% growth in PAT at Rs 225 crore in June quarter

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

myTVS to set up centres in 3 Asia Pacific nations for overseas foray

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

Stocks to watch: Adani Enterprises, ONGC, Nykaa, IRB Infra, Castrol India

Stocks to watch today: Adani Enterprises, ONGC, Coal India, Siemens, Grasim Industries, Eicher Motors, among others will report the October-December (Q3FY23) quarter results

Castrol India reports PAT at Rs 193 crore in October-December 2022

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

Castrol to pick up 7.09% stake in TVS family's Ki Mobility for Rs 488 cr

With this deal, which is Castrol's largest all-cash transaction, the firm aims to expand its presence in service and maintenance of ICE vehicles and EVs

Castrol India to acquire 7.09% stake in TVS Automobile Solutions' arm

Lubes maker Castrol India Limited (CIL) on Friday said it will acquire a 7.09 per cent stake in TVS Automobile Solutions' digital subsidiary Ki Mobility Solutions with a planned investment of Rs 487.5 crore in an all-cash deal. With this strategic investment, CIL aims to expand its presence in service and maintenance for both internal combustion engine (ICE) and electric vehicles (EV) and leverage myTVS' digital and operational capabilities, a release said. Besides, the partnership will also offer potential for Castrol and KMS to collaborate and partner in select markets beyond India, it stated. This collaboration will leverage each other's strengths and expand the domestic automotive aftermarket ecosystem via 'myTVS', KMS's digitally integrated multi-brand service platform for two- and four-wheelers, it added. "CIL will acquire a 7.09 per cent stake in KMS with a planned investment of up to Rs 487.5 crore," said the release. CIL's existing presence in service and maintenance incl

Castrol India net profit marginally up to Rs 187 crore in Sept quarter

Lubes maker Castrol India on Monday said its net profit increased marginally to Rs 187 crore for the July-September quarter. The Mumbai-based company had reported a net profit of Rs 186 crore in the year-ago period. Revenue from operations rose to Rs 1,121 crore in the third quarter as against Rs 1,073 crore in the same period of previous financial year, Castrol India said in a statement. The company follows a January-December financial year. Castrol India Managing Director Sandeep Sangwan said the third quarter witnessed forex pressures along with extreme inflationary pressures arising from volatile crude oil prices, leading to rising costs of additives and base oil. "To safeguard our margins and deliver bottomline growth, we employed rigorous pricing and cost management. We continued to strengthen our service and maintenance network across India," he added. On business outlook, Sangwan said that the company's key focus would be to drive growth and protect its profitability. "A

Castrol India reports 6% dip in PAT in Q1 to Rs 229 cr, revenue up 8.5%

Lubricant maker Castrol India on Wednesday said its profit after tax (PAT) declined by 6 per cent to Rs 229 crore for the first quarter ended March.

Castrol India net profit dips 9% to Rs 186 crore in September quarter

Revenue from operations rose to Rs 1,073.2 crore as against Rs 883.1 crore in the year-ago period

Castrol India Q3 net profit surges over three-folds to Rs 569 crore

The company had reported a net profit of Rs 185.9 crore in the July-September quarter of previous fiscal