Castrol India Reports Strong Q4 Performance with Notable Profit Growth
In its latest financial disclosure, Castrol India Ltd has revealed a commendable 8% increase in net profit for the fourth quarter, ending March 2024. Announced on April 28, the company’s net profit reached ₹233.46 crore, up from ₹216.24 crore during the same period last year. This performance reflects the company’s resilience in a competitive market, highlighting its ability to navigate challenges effectively.
Revenue Growth and Operational Highlights
The company also experienced a 7.3% rise in revenue, achieving ₹1,422 crore from core operations, compared to ₹1,325.24 crore in Q4 of the previous fiscal year. This growth underscores Castrol India’s position as a leader in the lubricant sector, despite facing rising operational costs.
- Net Profit: ₹233.46 crore (up 8%)
- Revenue from Operations: ₹1,422 crore (up 7.3%)
- Total Expenses: ₹1,141.52 crore (up 7.9%)
Rising Expenses Due to Raw Material Costs
A significant factor contributing to the increase in total expenses was the 23.7% surge in raw material costs, which climbed to ₹705.92 crore from ₹570.65 crore in the same quarter last year. This trend highlights the ongoing challenges the industry faces with material cost fluctuations.
Stock Performance and Market Outlook
After the financial results were announced, Castrol India’s share price saw a notable uptick, closing 3.18% higher at ₹209.45. This increase reflects investor confidence, especially following the company’s strong quarterly results.
- 52-Week High: ₹284.40 (August 28, 2024)
- 52-Week Low: ₹162.80 (January 28, 2025)
- Five-Year Return on Investment: Over 60%
- One-Year Stock Performance: Down 1.37%
- Year-to-Date Growth: 2.85% in 2025
As of the latest market close, Castrol India boasts a market capitalization of ₹20,717.17 crore, positioning the company favorably within the industry landscape.
Conclusion
Castrol India’s fourth-quarter results illustrate its strong operational performance and commitment to growth, even amidst rising costs. Investors and stakeholders will be keen to see how the company continues to adapt to market conditions and leverage its strengths in the coming quarters.
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