Castrol India Results Earnings Call for Q2CY23
Conference Call with Castrol India Management and Analysts on Q2CY23 Performance and Outlook. Listen to the full earnings transcript.01-08-2023
01-08-2023
Castrol India's second-quarter profit rises 9% on higher volumes
Castrol India, the renowned engine oil manufacturer, announced a significant 9% increase in its second-quarter profit on Monday31-07-2023
Q2CY23 Quarterly & H1CY23 Bi-Annual Result Announced for Castrol India Ltd.
Oil marketing & distribution company Castrol India announced Q2CY23 & H1CY23 results: Consolidated Q2CY23: For Q2CY23, the company registered revenue from operations of Rs 1,334 crore, marking a growth of 7% compared to Rs 1,242 crore in Q2PY22, and a growth of 3% from Rs 1,294 crore in Q1CY23. Profit before tax for Q2CY23 stood at Rs 305 crore, a gain of 9% compared to Rs 280 crore in Q2PY22, and 6% higher than Rs 288 crore in Q1CY23. Consolidated H1CY23: In H1CY23, the company registered Revenue from Operations of Rs 2,628 crore, achieving a growth of 6% compared to Rs 2,477 crore in H1PY22. Profit before tax for H1CY23 stood at Rs 593 crore, marking a growth of 0.4% from Rs 591 crore in H1PY22. Commenting on the quarterly results, Sandeep Sangwan, Managing Director, Castrol India, said, “During the last quarter, we focused on achieving growth through increased volume. Despite challenges, we flourished, showcasing resilience and innovation in products and services. We expanded our portfolio by entering the auto care range and launching successful new products like Castrol CRB ESSENTIAL and MAGNATEC SUV 5W30. Alliances with organisations such as Mahindra Insurance Broker Limited strengthened our market position. Our success is attributed to a robust supply chain and customer-centric services. With confidence, we move ahead, expecting continued growth and impact into 2023-end.” “Additionally, we are conducting ASDC-certified EV readiness training to make car and bike mechanics in India EV-ready. Until now, we have trained 200 mechanics across India. In 3Q, we expect to quadruple this number,” Sangwan added. Sharing an outlook for the year ahead, Sangwan said, “Despite anticipated challenges in the business environment, we will remain focused on achieving growth and expanding market share. This involves introducing new products and investing in strengthening our brand. By the end of the first half, we'd already established a network of over 5500 Castrol Bike Points and 350 Castrol Auto Service outlets. In the second half, we aim to reinforce our position in the aftersales service market, committed to enhancing our presence and providing exceptional service to our valued customers.” Result PDF31-07-2023
CASTROL INDIA LTD. - 500870 - Corporate Action-Board approves Dividend
The Board of Directors at its meeting held today i.e., Monday, 31 July 2023 declared an interim dividend of INR 3/- per equity share of INR 5/- each for financial year ending 31 December 2023, the record date for said interim dividend shall be Tuesday 8 August 2023 .31-07-2023
CASTROL INDIA LTD. - 500870 - Board Meeting Outcome Held On Monday, 31 July 2023.
It is hereby informed that the Board of Directors at its meeting held on today i.e., Monday 31 July 2023 approved the matters as mentioned in the enclosure.31-07-2023
CASTROL INDIA LTD. - 500870 - Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, 31 July 2023.
It is hereby informed that the Board of Directors at its meeting held today i.e., Monday 31 July 2023, 1. approved the unaudited financial results of the Company for the quarter and half year ended on 30 June 2023; 2. declared an Interim Dividend of INR 3/- per equity share of INR 5/- each for the financial year ending 31 December 2023.31-07-2023
CASTROL INDIA LTD. - 500870 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation regarding Duplicate Share Certificate as per the enclosure.28-07-2023
CASTROL INDIA LTD. - 500870 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of Loss of share certificate as per the enclosure.28-07-2023
CASTROL INDIA LTD. - 500870 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation regarding duplicate share certificate as per the enclosure.23-07-2023
CASTROL INDIA LTD. - 500870 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
The post earnings call with analysts/investors for discussing the financial results of the Company for the quarter and half year ended on 30 June 2023, has been scheduled to be held on Tuesday, 1 August 2023.21-07-2023