Castrol India reports PAT growth of 19 per cent in Q2CY18
Castrol India reported mixed set of numbers for the quarter ended June 30, 2018 on Tuesday. The company's operating revenue for the quarter came in at Rs. 1,017.2 crore, registering 0.9 per cent yoy increase.
EBITDA for the quarter rose by 20.1 per cent yoy to Rs. 251.7 crore with a corresponding margin expansion of 395 bps. EBITDA margin for the quarter stood at 24.7 per cent.
The PAT for the quarter came in at Rs. 164.2 crore, yoy increase of 19.1 per cent. This was driven by higher volume as well as improved margin.
The Board of Directors of the Company has at its meeting held on 31 July 2018 recommended an interim Dividend of Rs.2.25 per share.
With the continued volatility in crude oil price and steep depreciation of the Indian rupee, the company expects a challenging second half, but will be taking appropriate actions to support the volume growth momentum.
On Wednesday, the stock opened at Rs. 176 per share and made an intraday high and low of Rs. 177.15 and Rs. 167.65, respectively on the BSE.