Castrol India third quarter results announced in real time: profit increased by 6.69% year-on-year

Castrol India third quarter results live broadcast: Castrol India announced its third quarter results on October 24, 2024. Revenue increased by 8.9% year-on-year and profit increased by 6.69% year-on-year.

However, compared with the previous quarter, the company faced the challenge of revenue falling by 7.83% and profit falling by 10.66%.

Selling, general and administrative expenses increased significantly, with a month-on-month increase of 4.96% and a year-on-year increase of 17.46%.

Despite quarterly fluctuations, operating income still fell 11.72% month-on-month and increased 6.47% year-on-year.

Earnings per share (EPS) for the third quarter were $2.1, an increase of 6.6% compared with the same period last year.

Castrol India has returned -6.06% over the past week and -1.85% over the past six months, despite having delivered a commendable return of 15.41% so far this year.

The company’s current market capitalization is $Rs 20,519.34 Crore, 52-week High $284.4 and minimum $132.4.

Among four analysts covering Castrol India Ltd. as of October 26, 2024, one assigns a strong sell rating, two assign a hold rating and one assigns a strong buy rating to the stock.

As of October 26, 2024, the consensus recommendation for Castrol India is Hold, suggesting analysts are cautious about the outlook.