Conference Call with Castrol India Management and Analysts on Q4CY24 Performance and Outlook. Listen to the full earnings transcript.
Oil Marketing & Distribution company Castrol India announced Q4CY24 results Revenue: Rs 1354 crore compared to Rs 1264 crore during Q4CY24. PBT: Rs 371 crore compared to Rs 324 crore during Q4CY24. PAT: Rs 271 crore compared to Rs 242 crore during Q4CY24. Kedar Lele, Managing Director, Castrol India, said: “2024 was a year of significant progress for Castrol India. We introduced meaningful innovations in key product categories and enhanced our market reach. Castrol EDGE continued to set high standards for lubricants in high-performance cars, while CRB TURBOMAX+ CK4 is delivering improved performance for India's trucking fleet. For our industrial partners, we advanced rust protection through customised solutions. We also strengthened our presence in rural India, now reaching over 36,000 workshops and stores, as part of our wider network of over 143,000 outlets across the country. This extensive reach enables millions of consumers to trust Castrol to keep their vehicles running efficiently. That trust inspires us to continuously innovate and serve better.” “In 2025, we will continue the promise by focusing on the delivery of high-quality products and services to the automotive and industrial sectors. A key milestone this year is the relaunch of ACTIV, our biggest brand, in the first quarter. Improving our footprint in rural India is going to be a priority, along with introducing innovative service offerings across regions. Making Castrol more accessible and affordable has been a key strategy, and we intend to scale it further to get more consumers into our network. With a strong focus on customer needs and resilient manufacturing, we aim to strengthen our leadership in the industry." Deepesh Baxi, Chief Financial Officer, Castrol India, said: “Our 2024 performance reflects our ability to balance growth and profitability in a volatile geo-political environment. Optimising costs, operational efficiency along with timely pricing strategies, helped strengthen our margins while staying aligned with our strategic goals. Our consistent focus on sound financial management ensures that we are well-prepared for the opportunities and challenges that lie ahead.” To commemorate Castrol’s journey of 125 years globally and celebrate Company’s strongest year in India, the board has recommended a final dividend of Rs 9.5 per share (face value: Rs 5 each) including a special dividend of Rs 4.5 per share for the financial year ending 31 December 2024. This is subject to shareholder approval at the 47th Annual General Meeting. This takes the total dividend for 2024 to Rs 13/- per share, reflecting the Company’s commitment to its shareholders for their continued support over the past four decades. Result PDF