Castrol India’s net profit remains flat in Oct-Dec 2021 quarter

  • Industry News
  • Mar 02,22
Lubricant maker Castrol India Ltd has reported a net profit of Rs 189 crore in the fourth quarter ended December 31, almost unchanged from the year-ago period. Castrol follows the calendar year (January to December) for its financial reporting. Net profit in October-December 2020 was Rs 188 crore, said the company in a press release. The revenue in Q4 2021 (October to December) rose 17% to Rs 1,091 crore.
Castrol India’s net profit remains flat in Oct-Dec 2021 quarter

Lubricant maker Castrol India Ltd has reported a net profit of Rs 189 crore in the fourth quarter ended December 31, almost unchanged from the year-ago period. Castrol follows the calendar year (January to December) for its financial reporting. Net profit in October-December 2020 was Rs 188 crore, said the company in a press release. The revenue in Q4 2021 (October to December) rose 17% to Rs 1,091 crore.

For the full year ended December 31, 2021, the company posted the highest-ever revenue from operations of Rs 4,192 crore, a 40% jump over last year. Net profit rose to Rs 758 crore from Rs 583 crore in 2020. "The company achieved this growth amid a very challenging environment marked by an unprecedented rise in input costs and supply chain disruptions resulting from the ongoing COVID-19 pandemic," the statement said.

Commenting on the Q4 2021 results, Sandeep Sangwan, Managing Director of Castrol India Ltd, said, "Castrol India delivered resilient performance and strong topline growth in the fourth quarter of 2021, registering a 17% growth over the corresponding quarter in 2020. Despite an adverse environment with rising input costs and softer market demand, we also grew our bottom line through focused investments and prudent cost actions.”


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