Lubes maker Castrol India Restricted reported a 3% progress in revenue after tax (PAT) for the June 2024 quarter, reaching INR 232 crore, up from INR 225 crore within the April-June interval of 2023. Income from operations grew by 5% to INR 1,398 crore, in comparison with INR 1,334 crore in the identical quarter of the earlier yr.
Castrol India follows a January-December monetary reporting interval.
“Our balanced give attention to volumes and margins, together with our dedication to innovation and model constructing, has pushed income progress,” mentioned Deepesh Baxi, Chief Monetary Officer at Castrol India Restricted.
“Wanting forward, the continued improvements in services and products, coupled with strategic model investments, will maintain our progress momentum,” he added.
“Potential stabilisation of enter prices within the latter half of the yr might sign a optimistic development for the business,” Baxi famous additional.
