Castrol India registers a net profit of ₹189 crores in quarter 4

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Castrol India registers a net profit of ₹189 crores in quarter 4
08 Feb 2022
5 min read

News Synopsis

Lubricant company Castrol India has released quarter 4 earnings on Monday. Castrol Motor Oils has registered a net profit of ₹189 crores in its 4th quarter. Don’t get confused by how can it release its fourth-quarter result in February as the company doesn’t follow the traditional April to March financial year like what most of the companies do around the globe. It rather follows a January to December financial year. the most important part the net profit remained almost the same as last year where it earned a profit of ₹188 crores in the same quarter. However, the company’s revenue climbed by 17% in Q4 amounting to ₹1,091 crores. After the release of quarterly results company’s board of directors decided to pay a dividend of ₹3 per share in addition to the ₹2.5 per share interim dividend announced earlier.

 

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