The shares of Castrol India jumped 9 percent on February 4 after the company announced a 12 percent year-on-year rise in net profit to Rs 271 crore for the quarter which ended on December 31, 2024.
The shares of the company were trading at Rs 193 apiece, as seen at 9.40 am. This marks a rise of over 9 percent from the previous close of Rs 177. Notably, the company had announced its Q3 results in the post market hours of February 3.
Castrol India reported revenue from operations at Rs 1,354 crore for Q3 of FY25. This marks an increase of over 7 percent from the Rs 1,264 crore revenue generated in the corresponding quarter of the previous financial year. The company's total income for Q3 stood at Rs 1,377 crore, up from the Rs 1,286 crore reported in the year-ago period. Its total expenses meanwhile grew nearly 5 percent year-on-year to Rs 1,006 crore.
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Along with the Q3 results, Castrol India also announced a final dividend of Rs 9.5 per share for the year ended December 31, 2024. The company fixed March 18, 2025 as the record date to determine the eligibility of the shareholders set to receive the payment. The dividend will then be paid to the eligible shareholders on or before April 23, 2025.
The company further announced the cessation of directorship of Udayan Sen as a Nominee Director of the company after his resignation from British oil and gas company BP. Nisha Trivedi is set to replace him on the board.
Kedar Lele, Managing Director, Castrol India Limited, said, "2024 was a year of significant progress for Castrol India. We introduced meaningful innovations in key product categories and enhanced our market reach...We also strengthened our presence in rural India, now reaching over 36,000 workshops and stores, as part of our wider network of over 143,000 outlets across the country...In 2025, we will continue the promise by focusing on the delivery of high-quality products and services to the automotive and industrial sectors…Making Castrol more accessible and affordable has been a key strategy, and we intend to scale it further to get more consumers into our network. With a strong focus on customer needs and resilient manufacturing, we aim to strengthen our leadership in the industry."
Castrol India saw trading in heavy volumes on February 4. Around 1.26 crore shares were involved in active trade, over 6 times more than its 10-day average volumes.
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