Castrol India plummets 7 per cent post muted Q1CY18 numbers
Castrol India reported its results for the quarter ended March 31, 2018. The company follows calendar year as its financial year.
The company’s revenue for the quarter came in at Rs. 927.1 crore, registering 8.4 per cent yoy decline.
EBITDA for the quarter rose by 4.2 per cent yoy to Rs. 274.3 crore with a corresponding margin expansion of 357 bps. EBITDA margin for the quarter stood at 29.6 per cent.
The PAT for the quarter came in at Rs. 181.8 crore, yoy increase of 1.6 per cent.
Castrol India continued to build strategic OEM partnerships and engaged in a three year contract with Ford India to source engine and transmission oils for all Ford vehicles produced in India for domestic and international markets.
On Friday, the stock opened at Rs. 192.55 per share and slipped nearly 7 per cent, on the BSE.