Castrol India announced that Peter Weidner (DIN: 03620389) ceases to be Nominee Director on the Board of Castrol India with effect from close of business hours on 31 January 2019.

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Castrol India announced that the Board of Directors of the Company at its meeting held on 30 January 2019, inter alia, have recommended the final dividend of Rs 2.75 per equity Share (i.e. 55%) , subject to the approval of the shareholders.

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Net profit of Castrol India rose 7.73% to Rs 211.90 crore in the quarter ended December 2018 as against Rs 196.70 crore during the previous quarter ended December 2017. Sales rose 6.50% to Rs 1033.40 crore in the quarter ended December 2018 as against Rs 970.30 crore during the previous quarter ended December 2017.

For the full year,net profit rose 2.39% to Rs 708.30 crore in the year ended December 2018 as against Rs 691.80 crore during the previous year ended December 2017. Sales rose 8.94% to Rs 3904.60 crore in the year ended December 2018 as against Rs 3584.30 crore during the previous year ended December 2017.

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Castrol India will hold a meeting of the Board of Directors of the Company on 30 January 2019, to recommend dividend, if any, for the year ended 31 December 2018.

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