Castrol India delivers strong first half results

Castrol India leadership change

Castrol India delivers strong first half results

Castrol India Limited today announced its results for the first half and second quarter (April – June) of 2016. The company delivered its highest ever quarterly profit, continuing to build on operational momentum driven by volume growth and a favourable cost of goods environment.

The quarter’s profit from operations was up by 13% as against same quarter last year. Profit before tax during the quarter under review was also up by 13% at Rs.319 crores whilst Profit after Tax was up by 12% at Rs. 206.9 crores as compared to the same period last year.

For the six month period January – June 2016, Profit from Operations was up by 23% to Rs.549 crores as against Rs.446 crores during the same period in the previous year.

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Author: Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to reach@gaadikey.com for any enquiries. Follow me on twitter and facebook as well!

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