Castrol India slips 3 per cent on posting Q3CY18 numbers

Castrol India reported its results for the quarter ended September 30, 2018. The company's standalone revenue for the quarter came in at Rs. 926.9 crore as against Rs. 861.4 crore in the corresponding quarter last year, registering 8 per cent yoy increase.

The EBITDA for the quarter fell by 10.3 per cent yoy to Rs. 227.4 crore as against Rs. 253.6 crore in the corresponding quarter last year, with a corresponding margin contraction of 491 bps. EBITDA margin for the quarter stood at 24.5 per cent. This contraction was led by adverse impact due to steep depreciation of the Indian rupee and increase in input costs.

The PAT for the quarter came in at Rs. 150.4 crore as against Rs. 178.2 crore in the corresponding quarter last year, yoy decline of 16 per cent.

On Thursday, the stock opened at Rs. 148.90 per share and slipped nearly 3 per cent. The stock hit an intraday low of Rs. 144.60 on the BSE. At 10:42 hours, the stock was trading at around Rs. 145.10 per share.