Castrol India

Vehicle service provider is present across India through around 25,000 garages and 1,100 outlets

Stocks to watch today: Adani Enterprises, ONGC, Coal India, Siemens, Grasim Industries, Eicher Motors, among others will report the October-December (Q3FY23) quarter results

Lubes maker Castrol India on Monday reported its profit after tax at Rs 193 crore in the October-December quarter of 2022. The company had reported a PAT (profit after tax) of Rs 189 crore in the corresponding quarter of the preceding year. The company follows calendar year (January-December) for financial reporting. The revenue from operations during the quarter under review stood at Rs 1,176 crore, registering an 8 per cent growth over Rs 1,091 crore delivered in the October-December period of 2021, it said. For the full year ended December 2022, PAT grew 8 per cent to Rs 815 crore from Rs 758 crore in the year earlier. Revenue from operations in 2022 stood at Rs 4,774 crore against Rs 4,192 crore a year ago, up 14 per cent year-on-year, it said. "2022 was marked by high forex and inflationary pressures arising from volatile crude oil prices, leading to rising costs of additives and base oil. We balanced our volumes and margins through timely pricing decisions and rigorous cost

With this deal, which is Castrol's largest all-cash transaction, the firm aims to expand its presence in service and maintenance of ICE vehicles and EVs

Lubes maker Castrol India Limited (CIL) on Friday said it will acquire a 7.09 per cent stake in TVS Automobile Solutions' digital subsidiary Ki Mobility Solutions with a planned investment of Rs 487.5 crore in an all-cash deal. With this strategic investment, CIL aims to expand its presence in service and maintenance for both internal combustion engine (ICE) and electric vehicles (EV) and leverage myTVS' digital and operational capabilities, a release said. Besides, the partnership will also offer potential for Castrol and KMS to collaborate and partner in select markets beyond India, it stated. This collaboration will leverage each other's strengths and expand the domestic automotive aftermarket ecosystem via 'myTVS', KMS's digitally integrated multi-brand service platform for two- and four-wheelers, it added. "CIL will acquire a 7.09 per cent stake in KMS with a planned investment of up to Rs 487.5 crore," said the release. CIL's existing presence in service and maintenance incl

Lubes maker Castrol India on Monday said its net profit increased marginally to Rs 187 crore for the July-September quarter. The Mumbai-based company had reported a net profit of Rs 186 crore in the year-ago period. Revenue from operations rose to Rs 1,121 crore in the third quarter as against Rs 1,073 crore in the same period of previous financial year, Castrol India said in a statement. The company follows a January-December financial year. Castrol India Managing Director Sandeep Sangwan said the third quarter witnessed forex pressures along with extreme inflationary pressures arising from volatile crude oil prices, leading to rising costs of additives and base oil. "To safeguard our margins and deliver bottomline growth, we employed rigorous pricing and cost management. We continued to strengthen our service and maintenance network across India," he added. On business outlook, Sangwan said that the company's key focus would be to drive growth and protect its profitability. "A

Lubricant maker Castrol India on Wednesday said its profit after tax (PAT) declined by 6 per cent to Rs 229 crore for the first quarter ended March.

Revenue from operations rose to Rs 1,073.2 crore as against Rs 883.1 crore in the year-ago period

The company had reported a net profit of Rs 185.9 crore in the July-September quarter of previous fiscal

Castrol India's Managing Director Sandeep Sangwan attributed the good set of numbers to the focused investments, interventions and actions taken in the second half of 2020

Sales were led by growth across segments on account of revival in pent-up demand and a robust supply/distribution network

French auto major Renault on Wednesday announced a partnership with Castrol India for supply of exclusive aftersales engine oil lubricants in India. The partnership with Castrol India, leading automotive and industrial lubricant firm, will start from January 1, 2020, the company said in a statement. This announcement is an extension of a global strategic partnership between Groupe Renault and Castrol, it added. The two partners will also combine their expertise to deliver a jointly branded product range and premium experience to Renault customers, the company said. Commenting on the partnership, Renault India Operations Country CEO & Managing Director Venkatram Mamillapalle said, "I am confident that Renault and Castrol's strong and growing partnership will enable us to combine the excellent skills and knowledge across both organisations to explore new opportunities in India's rapidly evolving market." Sandeep Sangwan, who will take over as Castrol India Managing Director with ...

Most of the growth is coming from India, China, and all the developing countries, says Omer Dormen

The stock dipped 7% to Rs 181 after the company reported single digit 2% growth in net profit at Rs 1.82 billion in Q4FY18, due to sharp rise in input costs

Input cost pressure and lower volumes impact June quarter performance

Improving volume growth, superior returns ratio and brand positioning key positives

The former now holds a 51% stake in the Indian subsidiary

The stock rallied 9% to Rs 459 on the NSE in early morning trade after a more than 1% stake changed hands on the counter in multiple block deals on the NSE and BSE.

The deal size amounts to 8.53% stake in the company

About 58.15 million equity shares representing 11.8% of total equity of Castrol India changed hands on the BSE