CASTROL INDIA Announces Quarterly Results (4QFY21); Net Profit Up 94.6%

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CASTROL INDIA Announces Quarterly Results (4QFY21); Net Profit Up 94.6%
Fri, 9 Jul

CASTROL INDIA has announced its results for the quarter ended March 2021. Here is a detailed performance review of the same:

CASTROL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m6,8809,35211,38721.8%65.5%
Other incomeRs m198153143-6.5%-27.8%
TurnoverRs m7,0789,50511,53021.3%62.9%
ExpensesRs m5,1506,7767,98617.9%55.1%
Gross profitRs m1,7302,5763,40132.0%96.6%
DepreciationRs m222223215-3.6%-3.2%
InterestRs m1186-25.0%-45.5%
Profit before taxRs m1,6952,4983,32333.0%96.0%
TaxRs m44362188742.8%100.2%
Profit after taxRs m1,2521,8772,43629.8%94.6%
Gross profit margin%25.127.529.9
Effective tax rate%26.124.926.7
Net profit margin%17.719.721.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 65.5% on a year-on-year (YoY) basis. The expenses were up by 55.1% YoY during the same period.
  • The company's operating profit increased by 96.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.9% in 4QFY21 as against 25.1% in 4QFY20.
  • Depreciation charges declined by 3.2% and finance costs declined by 45.5% YoY, respectively.
  • Other income declined by 27.8% YoY during the quarter.
  • Net profit for the quarter increased by 94.6% YoY. Net profit margins during the quarter increased from 17.7% in 4QFY20 to 21.1% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.9% QoQ during the same period.
  • The company's operating profit increased by 32.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.9% in 4QFY21 as against 27.5% in 3QFY20.
  • Net profit for the quarter increased by 29.8% QoQ, while net profit margins increased from 19.7% in 3QFY20 to 21.1% in 4QFY21.

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

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CASTROL INDIA Share Price Performance

Over the last one year, CASTROL INDIA share price has moved up from Rs 122.0 to Rs 144.2, registering a Gain of Rs 22.2 or around 18.2%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 15,839.4 (down 0.6%). Over the last one year it has moved up from 12,785.0 to 15,839.4, a gain of 3,054 points (up 23.9%).

Overall, the S&P BSE SENSEX is up 42.8% over the year.

Current Valuations

At the current price of Rs 144.2, the price to earnings (P/E) ratio of CASTROL INDIA stands at 20.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.3 times.

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