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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 4.78 % in the past year, substantial increase in net sales/revenue by 5.46 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 9.97 %. Marginal decrease of -15.49% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Castrol India Limited. Notable increase of 3.06 % in net profit Year to Year, Castrol India Limited’s profitability increased by 7.37 % in this quarter.
- EPS over the Year and quarter: EPS increased by 3.07 % Year to Year. EPS increased by 7.31 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1333.76 Cr | Rs. 1325.24 Cr | Rs. 1397.54 Cr | + 5.46 % | + 4.78 % |
| Expenses | Rs. 1024.01 Cr | Rs. 1031.5 Cr | Rs. 1075.1 Cr | + 4.23 % | + 4.99 % |
| Operating Profit | Rs. 309.75 Cr | Rs. 293.74 Cr | Rs. 322.44 Cr | + 9.77 % | + 4.1 % |
| OPM % | 23.22 % | 22.17 % | 23.07 % | + 0.9 % | -0.15 % |
| Other Income | Rs. 18.55 Cr | Rs. 24.14 Cr | Rs. 20.4 Cr | -15.49 % | + 9.97 % |
| Interest | Rs. 1.47 Cr | Rs. 2.12 Cr | Rs. 2.55 Cr | + 20.28 % | + 73.47 % |
| Depreciation | Rs. 21.82 Cr | Rs. 23.71 Cr | Rs. 26.12 Cr | + 10.16 % | + 19.71 % |
| Profit before tax | Rs. 305.01 Cr | Rs. 292.05 Cr | Rs. 314.17 Cr | + 7.57 % | + 3 % |
| Tax % | 26.14 % | 25.96 % | 26.1 % | + 0.14 % | -0.04 % |
| Net Profit | Rs. 225.27 Cr | Rs. 216.24 Cr | Rs. 232.17 Cr | + 7.37 % | + 3.06 % |
| EPS in Rs | Rs. 2.28 | Rs. 2.19 | Rs. 2.35 | + 7.31 % | + 3.07 % |
Today, we’re looking at Castrol India Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 4.78 %. However, it did see a marginal increase of 5.46 % from the previous quarter. Expenses ticked up slightly by 4.23 % quarter-on-quarter, aligning with the annual rise of 4.99 %. Operating profit, while up 4.1 % compared to last year, faced a quarter-on-quarter increase of 9.77 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.15 %, but an expansion of 0.9 % sequentially. Other income fell by -15.49 % compared to the last quarter, despite an annual growth of 9.97 %. Interest expenses surged remarkably by 20.28 % from the previous quarter, yet the year-over-year increase remains at a moderate 73.47 %. Depreciation costs climbed by 10.16 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 19.71 %. Profit before tax grew annually by 3 % but saw an increase from the preceding quarter by 7.57 %.
Tax expenses as a percentage of profits decreased slightly by -0.04 % compared to last year, with a more notable quarter-on-quarter increase of 0.14 %. Net profit rose by 3.06 % year-on-year but experienced a 7.37 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 3.07 % but a quarterly rise of 7.31 %. In summary, Castrol India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1333.76 Cr | Rs. 1325.24 Cr | Rs. 1397.54 Cr | + 5.46 % | + 4.78 % |
| Expenses | Rs. 1024.01 Cr | Rs. 1031.5 Cr | Rs. 1075.1 Cr | + 4.23 % | + 4.99 % |
| Operating Profit | Rs. 309.75 Cr | Rs. 293.74 Cr | Rs. 322.44 Cr | + 9.77 % | + 4.1 % |
| Net Profit | Rs. 225.27 Cr | Rs. 216.24 Cr | Rs. 232.17 Cr | + 7.37 % | + 3.06 % |
| EPS in Rs | Rs. 2.28 | Rs. 2.19 | Rs. 2.35 | + 7.31 % | + 3.07 % |
In reviewing Castrol India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 4.78 % year-on-year growth, however, there was a minor increase of 5.46 % from the previous quarter. Expenses rose by 4.99 % compared to the previous year, with a 4.23 % increase quarter-on-quarter. Operating Profit surged by 4.1 % annually, and saw a 9.77 % increase from the last quarter.
Net Profit showed yearly increase of 3.06 %, and experienced a 7.37 % increase from the previous quarter. Earnings Per Share (EPS) rose by 3.07 % annually, however rose by 7.31 % compared to the last quarter. In essence, while Castrol India Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
