Net profit of Castrol India rose 1.56% to Rs 181.80 crore in the quarter ended March 2018 as against Rs 179.00 crore during the previous quarter ended March 2017. Sales rose 5.09% to Rs 927.10 crore in the quarter ended March 2018 as against Rs 882.20 crore during the previous quarter ended March 2017.

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The result was announced after market hours yesterday, 3 May 2018.

Meanwhile, the S&P BSE Sensex was down 165.15 points, or 0.47% to 34,937.99.

On the BSE, 5.32 lakh shares were traded in the counter so far compared with average daily volumes of 74,000 shares in the past two weeks. The stock had hit a high of Rs 192.55 and a low of Rs 181.45 so far during the day. The stock hit a 52-week high of Rs 225.65 on 15 May 2017. The stock hit a 52-week low of Rs 172.25 on 6 February 2018.

In its outlook, Castrol India said that with the continued increase in crude oil price and depreciation of the Indian rupee there is likelihood of further volatility in the cost of goods.

The company added that it continues to remain optimistic about the Indian lubricant market and is confident about continuing to deliver robust business performance aligned to its long term strategy. This is underpinned by continued investments in technology and brands, aggressive expansion of distribution network, innovative marketing programmes and delivery of premium customer experience across multiple touch points.

Castrol India is the leading automotive and industrial lubricant manufacturing company in india.

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Castrol India announced that the Annual General Meeting (AGM) of the company will be held on 3 May 2018.

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Castrol India will hold a meeting of the Board of Directors of the Company on 03 May 2018, to inter-alia, approve the Un-Audited Financial Results of the Company for the first quarter ended 31 March 2018.

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