CASTROL INDIA Announces Quarterly Results (2QFY21); Net Profit Up 8.6%

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CASTROL INDIA Announces Quarterly Results (2QFY21); Net Profit Up 8.6%
Thu, 29 Oct

CASTROL INDIA has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

CASTROL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m8,4924,9068,83180.0%4.0%
Other incomeRs m116152117-23.0%0.9%
TurnoverRs m8,6085,0588,94876.9%3.9%
ExpensesRs m6,0473,9535,94950.5%-1.6%
Gross profitRs m2,4459532,882202.4%17.9%
DepreciationRs m1862062154.4%15.6%
InterestRs m3149-35.7%200.0%
Profit before taxRs m2,3728852,775213.6%17.0%
TaxRs m488231729215.6%49.4%
Profit after taxRs m1,8846542,046212.8%8.6%
Gross profit margin%28.819.432.6
Effective tax rate%20.626.126.3
Net profit margin%21.912.922.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 4.0% on a year-on-year (YoY) basis. The expenses were down by 1.6% YoY during the same period.
  • The company's operating profit increased by 17.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.6% in 2QFY21 as against 28.8% in 2QFY20.
  • Depreciation charges increased by 15.6% and finance costs increased by 200.0% YoY, respectively.
  • Other income increased by 0.9% YoY during the quarter.
  • Net profit for the quarter increased by 8.6% YoY. Net profit margins during the quarter increased from 21.9% in 2QFY20 to 22.9% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 80.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 50.5% QoQ during the same period.
  • The company's operating profit increased by 202.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.6% in 2QFY21 as against 19.4% in 1QFY20.
  • Net profit for the quarter increased by 212.8% QoQ, while net profit margins increased from 12.9% in 1QFY20 to 22.9% in 2QFY21.

To see how CASTROL INDIA has performed over the last eight quarters,please visit here.

Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth

CASTROL INDIA Share Price Performance

Over the last one year, CASTROL INDIA share price has moved down from Rs 150.7 to Rs 115.0, registering a Loss of Rs 35.8 or around 23.7%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 11,846.5 (down 0.7%). Over the last one year it has moved down from 15,439.5 to 11,846.5, a gain of 3,593 points (down 23.3%).

Overall, the S&P BSE SENSEX is up 1.4% over the year.

Current Valuations

At the current price of Rs 115.0, the price to earnings (P/E) ratio of CASTROL INDIA stands at 17.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.8 times.

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