Mumbai: Automotive and industrial lubricants manufacturer Castrol India on Monday said its net profit in the financial year ended 31 December grew 20% at Rs262.3 crore over the corresponding period a year ago.
The company had a net profit of Rs218.4 crore in the financial year ended December 2007, Castrol India said in a filing to the Bombay Stock Exchange.
Net sales of the company, in which UK-based Castrol Ltd (part of BP Group) holds a 70.92% stake, rose to Rs2,205.7 crore in the financial year from Rs1,888.3 crore a year ago.
However, for the quarter ended 31 December, Castrol India posted a net profit of Rs47 crore, a 20% decline over the corresponding period a year ago.
It had a net profit of Rs58.8 crore in the same quarter last year.
Meanwhile, Castrol India today announced a final dividend of Rs9 per share for FY’08.
Shares of Castrol India were trading at Rs330.95, down 0.08% in afternoon trade on the BSE.