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Castrol: Lower costs support bottomline
Oct 17, 2013

Castrol India Ltd has announced results for third quarter of the calendar year 2013 (3QCY13). The company has reported a flattish growth of 0.3% year on year (YoY) in the topline while reported net profits for the quarter grew by 21.9% YoY.

Performance summary
  • Revenues for the quarter registered a flattish growth of 0.3% on a year on year (YoY) basis. For the nine months (9mCY13), the revenues were up by 0.4% YoY.
  • Operating profits grew by 23.4% YoY during the quarter (with margins at 20.7% as compared to 16.8% in the 3QCY12). For 9mCY13, the operating profits witnessed a growth of 13.7% YoY, with margins at 21.7% as compared to 19.2% in 9mCY12.
  • Net profits (excluding exceptional gains) for the quarter were up 18.4% YoY with net profit margins at 14.0%, as compared to a net profit margin of 11.9% in 3QCY12. Including exceptional gains, the net profits grew by 21.9% YoY. For 9mCY13, the net profits including exceptional gains grew by 16.1% (up 9.1% YoY on like to like basis).
  • Castrol has booked exceptional gains of Rs 30 m during the quarter and Rs 228 m for the 9mCY13.

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