Castrol India posts higher profits in Q4 2012

Castrol India Limited, a company engaged in the lubricants business, has reported that net profit from ordinary activities after taxes for the fourth quarter ending December 31, 2012 was US$21.8 million, or US 0.04 per share, compared to US$19.7 million, or US 0.039 per share, for the same quarter ending December 31, 2011.
Total income from operations for the fourth quarter ending December 31, 2012 was US$140.3 million, compared to US$142.5 million for the same quarter ending December 31, 2011.
Net profit from ordinary activities after taxes for the year ending December 31, 2012 was US$82.4 million, or US$0.17 per share, compared to US$88.7 million, or US$0.18 per share, for the year ending December 31, 2011.
Total income from operations for the year ending December 31, 2012 was US$578.8 million, compared to US$555 million for the year ending December 31, 2011.
Ravi Kirpalani, COO and automotive director of Castrol India Limited, said, “[t]he fourth quarter results showed improved gross margin on account of better product mix, stable Rupee and softening base oil price. Furthermore, managing and controlling cost helped delivered a growth of 10% in profit after tax during the period under review.”
(March 11, 2013)