Castrol Q2 net zooms 31% to Rs66 crore

Castrol Q2 net zooms 31% to Rs66 crore
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First Published: Tue, Jul 24 2007. 06 44 PM IST
Updated: Tue, Jul 24 2007. 06 44 PM IST
PTI
New Delhi: Automotive lubricants maker Castrol India on 24 July posted a 31.04% jump in net profit at Rs65.93 crore for the second quarter ended 30 June, compared to Rs50.31 crore for the same period a year ago.
Total income (net of excise) rose 10.25% to Rs547.91 crore for the April-June period from Rs496.96 crore for the same quarter last year, a company statement said.
The company also registered a 40% rise in net sales at Rs101 crore for Q2 FY08 as compared to Rs72 crore in Q2 FY07.
“Castrol India has achieved record results in second quarter of 2007 with significant growth in revenue and profit,” Castrol India Ltd Managing Director Naveen Kshatriya said.
The Castrol board has recommended an interim dividend of Rs4.50 a share for the half year ended on 30 June, 2007.
The company is confident of maintaining its margins by continually leading through innovation in technology, customer service and value prepositions, he added.
The net profit of the company in the first six months of the year has risen 30% at Rs103 crore as compared to Rs83 crore in the same period last year.
Its net sales during H1 FY08 also increased by 15% at Rs982 crore against Rs853 crore for the corresponding period last year.
Castrol India Ltd is a listed company, in which 70.92% is held by UK-based Castrol Ltd, which is a part of global oil major BP Group.
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First Published: Tue, Jul 24 2007. 06 44 PM IST