Castrol reports 28% growth Q3 profit

Mumbai: Lubricants maker Castrol India Limited on Saturday reported a 28% hike in its after-tax profit for the December-ending quarter even as revenue during the quarter registered single-digit decline.

Profit after tax during the quarter stood at Rs 271.3 crore as against Rs 211.9 crore in the year-ago period. Revenue, meanwhile, declined by 2.9% to Rs 1,028 crore.

Earnings before interest, tax, depreciation, and amortisation (ebitda) stood at Rs 354.4 crore, a year-on-year growth of 3.3%.


The company, which observes a January-December final year, reported a 16.8% growth in its annual after-tax profit to Rs 827.4 crore while the annual revenue declined by over a percent to Rs 3,941.6 crore.

The lubricant maker announced a dividend of Rs 3 per share for its fiscal year.

The stock of Castrol India climbed 3.11% to close at Rs 139.35 per share on the BSE on Saturday.