Castrol India's FY2024 Q2 profit surges 42.5% on higher sales and stronger margins

Castrol India reported a robust set of results for FY2024 Q2. Net profit climbed 42.5% year-on-year to 34.7 billion rupees, while revenue rose 25% to 187.1 billion rupees. The company's EBITDA margin expanded to 32.03%. The board declared an interim dividend of 6.25 rupees per share. As one of India's leading lubricant manufacturers, the performance points to resilient industrial lubricant demand and improved pricing power, offering a constructive read-through for domestic industrial and consumer manufacturing stocks.

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