|
Standalone net sales (including other operating
income) of Castrol India has increased 5.52% to Rs 1,182.92 crore. Operating profit margin has declined from
22.94% to 22.70%, leading to 4.44% rise in operating profit to Rs 268.56
crore. Raw material cost as a % of total
sales (net of stock adjustments) decreased from 49.72% to 48.28%. Purchase of finished goods cost fell from
6.27% to 4.41%. Employee cost increased
from 5.48% to 5.88%. Other expenses
rose from 16.32% to 18.61%.
Other income up 8.12% to Rs 20.23 crore. PBIDT rose 4.69% to Rs 288.79 crore. Provision for interest up 95.93% to Rs 2.41
crore.
PBDT rose 4.28% to Rs 286.38 crore. Provision for depreciation rose 10.06% to Rs
22.87 crore.
Profit before tax grew 3.81% to Rs 263.51
crore. Provision for tax was expense of
Rs 69.09 crore, compared to Rs 66.67 crore.
Effective tax rate was 26.22% compared to 26.26%.
Profit after tax rose 3.87% to Rs 194.42 crore.
Promoters’ stake was 51.00% as of 30 September 2023
,compared to 51.00% as of 30 September 2022.
Commenting on the quarterly results, Sandeep Sangwan,
Managing Director, Castrol India Limited, said, “Investing in our brand has held us in good stead leading to a 6%
revenue growth.Our new #BadhteRahoAagey campaign is a testament to our
commitment towards our consumers. The next leg of this campaign will be an
extensive on-ground activation specificallytailored to support truckers in
their pursuit of progress. We continue to build our reach into rural India to
tap into demand.”
Sharing an outlook for the year ahead, Mr. Sangwan
said, “The end of last quarter (Q3) saw hardening crude prices, with global
uncertainties, and inflationary pressures. The recent conflict in the Middle
East has brought more challenges to crude price volatility. However, we remain
poised to lead the way in setting industry trends, ensuring that Castrol
continues to be a name synonymous with quality and reliability. We will continue
to focus on strategic expansion in aftercare, electric vehicles and our
industry partnerships for the service and maintenance of automobiles.”
For year-to-date (YTD) results analysis
Net sales (including other operating income) of
Castrol India has increased 5.89% to Rs 3,810.57 crore.
Operating profit margin has declined from 23.91% to
22.80%, leading to 0.98% rise in operating profit to Rs 868.85 crore. Raw material cost as a % of total sales (net
of stock adjustments) increased from 46.78% to 48.12%. Purchase of finished goods cost fell from
5.63% to 4.98%. Employee cost increased
from 5.46% to 5.60%. Other expenses
fell from 18.63% to 18.60%.
Other income up 28.41% to Rs 60.88 crore. PBIDT rose 2.41% to Rs 929.73 crore. Provision for interest up 126.64% to Rs 5.53
crore.
PBDT rose 2.07% to Rs 924.2 crore. Provision for depreciation rose 11.31% to Rs
67.42 crore.
Profit before tax grew 1.41% to Rs 856.78
crore. Provision for tax was expense of
Rs 234.59 crore, compared to Rs 223.03 crore.
Effective tax rate was 27.38% compared to 26.40%.
Profit after tax rose 0.06% to Rs 622.19 crore.
Promoters’ stake was 51.00% as of 30 September 2023
compared to 51.00% as of 30 September 2022 .
The
scrip is currently trading at Rs 138
|
Castrol India : Standalone
Results
|
|
Particulars
|
2309 (03)
|
2209 (03)
|
Var.(%)
|
2309 (09)
|
2209 (09)
|
Var.(%)
|
2212 (12)
|
2112 (12)
|
Var.(%)
|
|
Net Sales
|
1,182.92
|
1,121.07
|
6
|
3,810.57
|
3,598.48
|
6
|
4,774.49
|
4,192.06
|
14
|
|
OPM (%)
|
22.7
|
22.9
|
|
22.8
|
23.9
|
|
23.3
|
25.4
|
|
|
OP
|
268.56
|
257.14
|
4
|
868.85
|
860.46
|
1
|
1,111.10
|
1,065.96
|
4
|
|
Other Inc.
|
20.23
|
18.71
|
8
|
60.88
|
47.41
|
28
|
67.05
|
48.43
|
38
|
|
PBIDT
|
288.79
|
275.85
|
5
|
929.73
|
907.87
|
2
|
1,178.15
|
1,114.39
|
6
|
|
Interest
|
2.41
|
1.23
|
96
|
5.53
|
2.44
|
127
|
4.01
|
2.41
|
66
|
|
PBDT
|
286.38
|
274.62
|
4
|
924.2
|
905.43
|
2
|
1,174.14
|
1,111.98
|
6
|
|
Depreciation
|
22.87
|
20.78
|
10
|
67.42
|
60.57
|
11
|
81.39
|
82.7
|
-2
|
|
PBT before EO
|
263.51
|
253.84
|
4
|
856.78
|
844.86
|
1
|
1092.75
|
1029.28
|
6
|
|
EO Income
|
0
|
0
|
|
0
|
0
|
|
0
|
0
|
-
|
|
PBT after EO
|
263.51
|
253.84
|
4
|
856.78
|
844.86
|
1
|
1092.75
|
1029.28
|
6
|
|
Taxation
|
69.09
|
66.67
|
4
|
234.59
|
223.03
|
5
|
277.6
|
271.19
|
2
|
|
PAT
|
194.42
|
187.17
|
4
|
622.19
|
621.83
|
0
|
815.15
|
758.09
|
8
|
|
EPS (Rs)*
|
#
|
#
|
|
#
|
#
|
|
8.2
|
7.7
|
|
|
Notes
|
|
* EPS is on current equity of Rs 494.56 crore, Face value of Rs 5,
Excluding extraordinary items.
|
|
# EPS is not annualised
|
|
bps : Basis points
|
|
EO : Extraordinary items
|
|
Figures in Rs crore
|
|
Source: Capitaline Corporate Database
|
|