Latest news with #KedarLele
Business Standard
29-04-2025
- Automotive
- Business Standard
Castrol India Q1 PAT rises 8% YoY to Rs 233 cr in CY25
Castrol India reported consolidated net profit rose 7.96% to Rs 233.46 crore on a 7.3% jump in revenue from operations to Rs 1,422 crore in Q1 CY25 over Q1 CY24. Profit before tax in Q1 CY25 stood at Rs 312.72 crore, up by 7.08% from Rs 292.05 crore in Q1 CY24. Total expense jumped 7.96% year on year to Rs 1,141.52 crore during the quarter. Employee benefits expense was at Rs 67.50 crore (down 12.43% YoY), while other expenses stood at Rs 308.42 crore (up 16.92% YoY) during the period under review. Kedar Lele, managing director, Castrol India, said, We have made a steady start to the year, delivering growth in both revenue and profitability despite a challenging external environment. Our focus on product innovation, portfolio expansion, and deeper market penetration continues to fuel consistent momentum. The successful relaunch of Castrol Activ and continued traction in rural markets have been key growth drivers and contributed meaningfully to our volume growth this quarter We remain committed to strengthening mechanic advocacy across channels and leveraging the power of our brand communication to deepen consumer relevance. While macro headwinds such as rising input costs and forex volatility persist, we are confident in our ability to strengthen our leadership position, sustain growth, and deliver margins in this dynamic market, Lele further said. The company follows the calendar year (January to December) for its financial reporting. Castrol India is principally engaged in the business of manufacturing & marketing automotive and industrial lubricants and related services. Shares of Castrol India fell 2.79% to Rs 203.60 on the BSE.
Time of India
29-04-2025
- Automotive
- Time of India
Castrol India's first quarter profit climbs on stronger engine oil demand
Engine oil and lubricants producer Castrol India reported an 8 per cent rise in first-quarter profit on Monday on the back of growing demand for its products. Profit at Castrol India, majority-owned by British oil major BP, rose to 2.33 billion rupees ($27.4 million) from 2.16 billion rupees a year ago. Revenue increased 7.3 per cent to 14.22 billion rupees. Castrol is India's largest private retailer of engine oils. In recent years it focussed on offering more premium products for sport utility vehicles - India's most sold category of cars - while also expanding in rural areas. Analysts say the company will continue to benefit from rising demand for its oil products as the transition to electric vehicles in India happens at a slow pace. EVs form just 2.5 per cent of car sales in the country and 5 per cent of two-wheeler sales. India is aiming for 30 per cent of all new vehicle sales to be electric by 2030. India's overall auto sales by manufacturers to dealers grew about 2 per cent in the January-March quarter, with sales of large trucks, SUVs and scooters leading the way. Castrol India supplies its lubricants to India's biggest auto manufacturers across segments, including Maruti Suzuki and Hero MotoCorp . "The successful relaunch of Castrol Activ and continued traction in rural markets have been key growth drivers and contributed meaningfully to our volume growth this quarter," Managing Director, Kedar Lele , said in a press release. The company's shares closed 3.2 per cent higher on Monday ahead of the results.
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Business Standard
28-04-2025
- Automotive
- Business Standard
Castrol India's profit rises to Rs 2.33 bn on strong engine oil demand
Engine oil and lubricants producer Castrol India reported an 8 per cent rise in first-quarter profit on Monday on the back of growing demand for its products. Profit at Castrol India, majority-owned by British oil major BP, rose to Rs 2.33 billion ($27.4 million) from Rs 2.16 billion a year ago. Revenue increased 7.3 per cent to Rs 14.22 billion. Castrol is India's largest private retailer of engine oils. In recent years it focussed on offering more premium products for sport utility vehicles - India's most sold category of cars - while also expanding in rural areas. Analysts say the company will continue to benefit from rising demand for its oil products as the transition to electric vehicles in India happens at a slow pace. EVs form just 2.5 per cent of car sales in the country and 5 per cent of two-wheeler sales. India is aiming for 30 per cent of all new vehicle sales to be electric by 2030. India's overall auto sales by manufacturers to dealers grew about 2 per cent in the January-March quarter, with sales of large trucks, SUVs and scooters leading the way. Castrol India supplies its lubricants to India's biggest auto manufacturers across segments, including Maruti Suzuki and Hero MotoCorp. "The successful relaunch of Castrol Activ and continued traction in rural markets have been key growth drivers and contributed meaningfully to our volume growth this quarter," Managing Director, Kedar Lele, said in a press release. The company's shares closed 3.2 per cent higher on Monday ahead of the results. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Reuters
28-04-2025
- Automotive
- Reuters
Castrol India's first quarter profit climbs on stronger engine oil demand
April 28 (Reuters) - Engine oil and lubricants producer Castrol India ( opens new tab reported an 8% rise in first-quarter profit on Monday on the back of growing demand for its products. Profit at Castrol India, majority-owned by British oil major BP (BP.L), opens new tab, rose to 2.33 billion rupees ($27.4 million) from 2.16 billion rupees a year ago. Revenue increased 7.3% to 14.22 billion rupees. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. Castrol is India's largest private retailer of engine oils. In recent years it focussed on offering more premium products for sport utility vehicles - India's most sold category of cars - while also expanding in rural areas. Analysts say the company will continue to benefit from rising demand for its oil products as the transition to electric vehicles in India happens at a slow pace. EVs form just 2.5% of car sales in the country and 5% of two-wheeler sales. India is aiming for 30% of all new vehicle sales to be electric by 2030. India's overall auto sales by manufacturers to dealers grew about 2% in the January-March quarter, with sales of large trucks, SUVs and scooters leading the way. Castrol India supplies its lubricants to India's biggest auto manufacturers across segments, including Maruti Suzuki ( opens new tab and Hero MotoCorp ( opens new tab. "The successful relaunch of Castrol Activ and continued traction in rural markets have been key growth drivers and contributed meaningfully to our volume growth this quarter," Managing Director, Kedar Lele, said in a press release. The company's shares closed 3.2% higher on Monday ahead of the results. ($1 = 85.0070 Indian rupees)
