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Castrol India: A smooth quarter - Views on News from Equitymaster
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Castrol India: A smooth quarter
May 10, 2016

Castrol India Ltd has announced results for the quarter and the year ended March 2016. The company has reported a year on year (YoY) growth of 7.1% in the net sales while net profits for the quarter grew 17.5% YoY.

Performance summary
  • Revenues for the quarter registered a growth of 7.1% on a year on year (YoY) basis during the quarter.
  • Operating profit for the quarter grew 34.3% YoY with margins at 29.5% as compared to 23.5% in 1QCY15.
  • Net profit for the quarter grew by 17.5% YoY with net profit margin at 20.2% versus 18.4% in 1QCY15.

    Financial performance snapshot
    Rs m 1QCY15 1QCY16 Change (%)
    Net sales 7,958 8,521 7.1%
    Other operating income 34 36 5.9%
    Total income from operations 7,992 8,557 7.1%
    Expenditure 6,085 6,005 -1.3%
    Operating profit (EBDITA) 1,873 2,516 34.3%
    EBDITA margin (%) 23.5% 29.5%
    Other income 435 187 -57.0%
    Interest 3 4 33.3%
    Depreciation 111 86 -22.5%
    Profit before tax 2,228 2,649 18.9%
    PBT margin (%) 28.0% 31.1%
    Tax 761 925 21.6%
    Profit after tax/(loss) 1,467 1,724 17.5%
    Net profit margin (%) 18.4% 20.2%
    No. of shares (m) 495
    Diluted earnings per share (Rs)* 13.0
    P/E ratio(x)* 32.4

    *On a trailing 12 months' basis

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