Castrol India Limited: Q2 RESULTS FY18-19
Lubes maker Castrol India presented its quarterly numbers today, after the market hours. Company’s profit after tax (PAT) improved by 19% to INR 164.20 Cr YoY (INR 137.90 Cr for the period ends 30 June 2017). Read details –
Revenue
Castrol India’s revenue from operations QoQ grew by 9.72% to INR 1017.2 Cr which was INR 927.1 Cr a period year ago. The YoY revenue increased by just below 1% – which was INR 1007.7 Cr for the period ended 30 June 2017.
Company’s total revenue stood at INR 1034.5 Cr for April to June ’18 quarter which was INR 1023.2 Cr a year ago.
Profit
Profit After Tax (PAT) during the period April to June 2018 was up by 19% driven largely by higher volume as well as improved margin.
Profit After Tax during the half year January to June 2018 was up by 9% at INR 346 Cr as compared to the same period last year.
Dividend
The Board of Directors of the Company has at its meeting held on 31 July 2018 recommended an interim Dividend of INR 2.25 per share. The record date for the purpose of said Interim Dividend is 10 August 2018 which would be paid on or before 29 August 2018.
Castrol India Q2 Highlights
Quarterly highlights (2Q April – June 2018)
- Profit after tax (PAT) up 19% at INR 164 Cr
- Revenue from operations up 17% (on comparable basis versus last year)
- Double digit volume growth
Half yearly highlights (1 H January – June 2018)
- Profit after tax up 9% at INR 346 Cr
- Revenue from operations up 11% (on comparable basis versus last year)
- Volume growth faster than market
About Company: Castrol India Limited
Castrol is the world leading manufacturer, distributor and marketer of premium lubricating oils, greases and related services to automotive, industrial, marine, aviation, oil exploration and production customers across the world.
The company is headquartered in the UK and operates directly in over 46 countries, and employing approximately 7,500 staff worldwide. In nearly 74 other countries, we are represented by third party distributors who market and sell our products locally. The Castrol delivery network extends throughout 120 countries, covering 800 ports and partnering with over 2000 distributors and agents.
Castrol India Limited is one of the leading automotive and industrial lubricant manufacturing and marketing companies in India. The company has a proud heritage of innovation and success since over 100 years in the country.
Stock Price Movement
The stock closed up by more than 1% to INR 174 when the market closed on Tuesday! During the quarter ended 30 June 2018, the share price of Castrol India Limited fell more than 12%
Castrol India on Technical Charts
The stock price of Castrol India Limited traded almost the same price level when compared to its 89 EMA (INR 175) but the stock traded 5.40% lower when compared to its 200 EMA (INR 185)
Also Read –
1) Finblab’s Valuepick Stock for the month of July 2018 – CEAT Limited
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