Oil Marketing & Distribution company Castrol India announced Q3CY24 results Revenue up 9% at Rs 1,288 crore; profit before tax rises 6% to Rs 280 crore in Q3CY24. PBT for the quarter was recorded as Rs 280 crore. Revenue from Operations for Q3CY24 stand at Rs 4,011 crore, reflecting a 5% growth from Rs 3,811 crore in Q3CY23. Profit Before Tax for the period reached Rs 887 crore, marking a 3% increase from Rs 857 crore in Q3CY23. Sandeep Sangwan, Managing Director of Castrol India, said: “We are proud of our consistent year-on-year growth, which reflects our ability to navigate a dynamic market environment and deliver value to our shareholders.The achievement of our strong 3Q sales volumes and profits is a testament to our strategic focus and operational excellence. Our balanced approach to optimising volumes and margins, along with continuous innovation, expanding distribution infrastructure, and brand-building efforts, has driven sustained revenue growth,” “Looking ahead, we will continue to prioritise product and service innovations while strengthening our partnerships with key OEMs in automotive and industrial sectors. In addition, we plan to maintain our growth momentum through strategic brand investments in the upcoming months.” “During my time serving India, we transcended lubricants with Castrol ON, introduced the autocare range, joined forces with kiMobility, and strengthened our ties with OEMs. From Shah Rukh Khan becoming the face of our brand to expanding deep into the heart of India’s vast landscape, it’s been an incredible journey that I will cherish always. I am confident that Castrol India will continue to thrive and contribute to India’s progress as a leading force in the future.” Deepesh Baxi, Chief Financial Officer, Castrol India, said: “Our strong financial performance, demonstrates the resilience of our business model and our ability to navigate challenging market conditions.The record-breaking 3Q sales volume and profits achieved this quarter is a significant milestone that reinforces our position as a market leader. We remain committed to maintaining a disciplined approach to capital allocation and maximising shareholder value.” Result PDF
Conference Call with Castrol India Management and Analysts on Q2CY24 Performance and Outlook. Listen to the full earnings transcript.
Oil Marketing & Distribution company Castrol India announced Q1FY25 results: Financial Highlights: Revenue up 5% at Rs 1,398 crore; profit rises 3% to Rs 314 crore in Q1FY25 driven by current brand and marketing investments. H1CY24 revenue of Rs 2,723 crore, profit before tax of Rs 606 crore. Declares interim dividend of Rs 3.5 per share. Sandeep Sangwan, Managing Director of Castrol India, said: “We are proud of our strong second-quarter performance, driven by product launches like the Castrol EDGE range and marketing campaigns featuring Shah Rukh Khan," “Our balanced focus on volumes and margins, along with our commitment to innovation and brand building, has driven revenue growth. As we celebrate 115 years in India, we remain dedicated to delivering innovation, performance, reliability, and protection. Notably, our presence in major sports properties like the IPL,T20World Cup, andWimbledon underscores our strong brand visibility.” Deepesh Baxi, Chief Financial Officer, Castrol India, said: “Looking ahead, ongoing innovations in products and services, coupled with strategic brand investments, will sustain our growth momentum. Potential stabilisation of input costs in the latter half of the year could signal a positive trend for the industry,” Result PDF