CASTROL INDIA LTD. - 500870 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
The transcript of the audio recording of the Company''s post earnings call with analysts/investors held on Tuesday, 1 November 2022 is enclosed herewith. The same is also available on the website of the Company.
Buy Castrol India; target of Rs 140: Motilal Oswal
Motilal Oswal is bullish on Castrol India recommended buy rating on the stock with a target price of Rs 140 in its research report dated November 01, 2022. CASTROL INDIA LTD. - 500870 - Recording Of Post Earnings Call - 1 November 2022
We hereby inform the exchanges that the recording of the Company''''s post earnings call with analysts/investors for discussing the financial results of the Company for the third quarter and nine months ended on 30 September 2022, held on Tuesday, 1 November 2022 is available on the website of the Company.
Castrol India net profit marginally up to Rs 187 crore in Sept quarter
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 CASTROL INDIA LTD. - 500870 - Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
Board of Directors at its meeting held on 31 October 2022 approved amendments to MOA and AOA subject to approval of Shareholders CASTROL INDIA LTD. - 500870 - Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
Board of Directors at its meeting held on 31 October 2022 approved amendments to MOA and AOA subject to approval of Shareholders CASTROL INDIA LTD. - 500870 - Announcement under Regulation 30 (LODR)-Change in Directorate
Board of Directors at its meeting held on 31 October 2022 approved appointment of Director as per the enclosure CASTROL INDIA LTD. - 500870 - Results-Financial Results For Quarter And Nine Months Ended September 2022
Results-Financial Results for quarter and nine months ended September 2022 Q2FY23 Quarterly Result Announced for Castrol India Ltd.
Castrol India announced Q2FY23 results: For the nine months (9M): In Q2FY23 the Company registered Revenue from Operations of Rs.3,598 crore, achieving a growth of 16% compared to Rs.3,102 crore in 9M 2021. Profit Before Tax (PAT) for the period stood at Rs.845 crore, marking a growth of 9% from Rs.772 crore in 9M 2021. For the third quarter (3Q): In Q2FY23, the Company registered Revenue from Operations of Rs.1,121 crore, achieving a growth of 4% compared to Rs.1,073 crore in 3Q 2021. Profit Before Tax (PAT) for the quarter stood at Rs.254 crore, marking a growth of 2% from Rs.250 crore in 3Q 2021. Commenting on the quarterly results, Sandeep Sangwan, Managing Director, Castrol India Limited, 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 bottom-line growth, we employed rigorous pricing and cost management. We continued to strengthen our service & maintenance network across India with the addition of new Castrol Auto Service centres and Castrol Express Oil change outlets.” Sharing a future outlook, Sandeep Sangwan added, “Our key focus is to drive growth for Castrol and protect our profitability. An integral element of our future-ready strategy is our foray into the automotive aftercare market and into service & maintenance. In addition to our current alliances, we are also exploring further collaborations with electric vehicle OEMs to help advance electric mobility in India and support mechanics to get EV-ready.” Result PDF CASTROL INDIA LTD. - 500870 - Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, 31 October 2022
The Board of Directors at its meeting held today i.e. Monday, 31 October 2022, approved the matters as per the enclosure.