Castrol India Q3 Results Live: Profit Rises by 6.69% YoY
Castrol India Q3 Results Live: Revenue increased by 8.9% YoY & profit increased by 6.69% YoY.
Castrol India Q3 Results Live : Castrol India declared its Q3 results on October 24, 2024, reporting a topline increase of 8.9% and a profit rise of 6.69% year-on-year.
However, compared to the previous quarter, the company faced challenges as revenue declined by 7.83% and profit decreased by 10.66%.
The Selling, General & Administrative expenses experienced a notable rise, increasing by 4.96% quarter-on-quarter and 17.46% year-on-year.
Despite the quarterly fluctuations, the operating income showed a decline of 11.72% sequentially but an increase of 6.47% year-on-year.
Earnings per share (EPS) for Q3 stood at ₹2.1, reflecting a 6.6% increase compared to the same period last year.
Over the past week, Castrol India has delivered a -6.06% return, while its performance over the last six months shows a -1.85% return, though it has achieved a commendable 15.41% return year-to-date.
The company currently holds a market capitalization of ₹20,519.34 crore, with a 52-week high of ₹284.4 and a low of ₹132.4.
As of October 26, 2024, out of four analysts covering Castrol India, one analyst has issued a Strong Sell rating, two have given a Hold rating, and one has recommended a Strong Buy.
The consensus recommendation for Castrol India as of October 26, 2024, is to Hold, indicating a cautious outlook among analysts.
Castrol India Financials
| Period | Q3 | Q2 | Q-o-Q Growth | Q3 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1288.18 | 1397.54 | -7.83% | 1182.92 | +8.9% |
| Selling/ General/ Admin Expenses Total | 81.27 | 77.43 | +4.96% | 69.19 | +17.46% |
| Depreciation/ Amortization | 24.52 | 26.12 | -6.13% | 22.87 | +7.21% |
| Total Operating Expense | 1026.59 | 1101.22 | -6.78% | 937.23 | +9.53% |
| Operating Income | 261.59 | 296.32 | -11.72% | 245.69 | +6.47% |
| Net Income Before Taxes | 280.46 | 314.17 | -10.73% | 263.51 | +6.43% |
| Net Income | 207.43 | 232.17 | -10.66% | 194.42 | +6.69% |
| Diluted Normalized EPS | 2.1 | 2.35 | -10.64% | 1.97 | +6.6% |
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First Published:26 Oct 2024, 10:12 AM IST
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