Castrol India Limited posted its Q3 FY24 results, showcasing a steady growth in its financial performance. The company recorded a net profit of ₹271.39 crore, marking a 12.4% increase year-on-year (YoY) compared to ₹241.94 crore in the same period last year.
Key Highlights:
- Revenue from operations: ₹1,353.89 crore, up from ₹1,264.04 crore in Q3 FY23.
- Other income: ₹23.17 crore, showing slight improvement from ₹22.27 crore YoY.
- Total income: Stood at ₹1,377.06 crore compared to ₹1,286.31 crore in Q3 FY23.
- Profit before tax (PBT): ₹370.93 crore, a significant rise from ₹324.32 crore YoY.
- Total expenses: ₹1,006.13 crore, witnessing controlled growth driven by operational efficiency.
On a yearly basis, total revenue for FY24 stood at ₹5,364.85 crore, a notable rise from ₹5,074.61 crore in FY23, reflecting Castrol India’s expanding market share and robust operational performance.
Dividend Announcement:
Castrol India has declared a final dividend of ₹9.5 per share, inclusive of a special dividend of ₹4.5 per share, pending approval at the upcoming AGM. The record date has been set for March 18, 2025, and dividend distribution will occur by April 23, 2025, subject to shareholder approval.
The company’s strategic focus on operational efficiencies and revenue expansion appears to be paying off, as reflected in consistent profit growth.
Disclaimer: The information provided is for informational purposes only and should not be considered financial advice.
