Engine oil maker Castrol India reported a 12% increase in profit for the October-December quarter, driven by strong demand for its lubricants. The company’s profit after tax rose to ₹271 crore, compared to ₹242 crore in the same period last year.
Revenue for the quarter grew by 7.1% to ₹1,354 crore, supported by higher sales of lubricants for two-wheelers and commercial vehicles. Industry data showed that two-wheeler sales in India grew by 3%, while commercial vehicle sales increased by 1.2% during the quarter.
Castrol India competes with state-run oil refiners like Bharat Petroleum and global players such as Shell. The company aims to expand its market share in India’s competitive lubricants industry.
The company is focusing on making its products more accessible and affordable. Managing Director Kedar Lele said that Castrol plans to scale up its strategy in 2025, launching both premium and budget-friendly lubricants to attract more customers, especially with the growing demand for SUVs.
Castrol India Ltd mainly makes and sells lubricants for automobiles and industries. It also provides related services. The company produces and sells different types of oils and fluids used in cars, motorcycles, commercial vehicles, industries, the energy sector, marine applications, and IT cooling for data centres.
Castrol India share price is currently trading at ₹187.68, marking an increase of ₹11.21 (6.35%) as of 10:24 AM IST on February 4. The stock opened at ₹189.20, reached a high of ₹193.69, and a low of ₹186.21 during the trading session. Over the past 52 weeks, the stock has reached a high of ₹284.40 and a low of ₹162.60.
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Published on: Feb 4, 2025, 10:30 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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