Castrol India saw a significant increase in its shares during today’s trading session, reaching ₹187.75 with heavy trading volumes of 198.20 lakh shares as of 1.10 PM. This surge comes after the company announced a 12 per cent year-on-year rise in net profit to ₹271 crore for the third quarter of FY25.
The company reported revenue from operations at ₹1,354 crore for the quarter ending December 31, 2024, a 7 per cent increase from the same quarter last year when it was at ₹1,264 crore. Total income rose to ₹1,377 crore, while expenses grew by 5 per cent year-on-year to ₹1,006 crore.
Castrol India declared a final dividend of ₹9.5 per share, with March 18, 2025, set as the record date for eligibility. The payment is scheduled to be made on or before April 23, 2025.
In terms of management changes, Nisha Trivedi will take over from Udayan Sen on the board following his resignation as Nominee Director from BP.
Managing Director Kedar Lele highlighted the company’s expansion in rural India, with a network now serving over 36,000 workshops within a total of 143,000 outlets nationwide.
The company’s market capitalization currently stands at ₹18,595.50 crore, with a free float market cap of ₹9,062.59 crore. Current trading data shows buy quantities at 8,41,976 shares against sell quantities of 13,59,607 shares.
The article was published on February 4, 2025.
