Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 2.42 % in the past year, substantial increase in net sales/revenue by 4.84 %.
- 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 37.08 %. Marginal increase in other income during this quarter, up by 8.4%.
- Profit over the Year and quarter: Significant improvement in profitability for Castrol India Ltd. Notable increase of 6.79 % in net profit Year to Year, Castrol India Ltd’s profitability dropped by -10.62 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 6.83 % Year to Year. EPS decreased by -10.61 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1293.89 Cr | Rs. 1264.04 Cr | Rs. 1325.24 Cr | + 4.84 % | + 2.42 % |
| Expenses | Rs. 998.86 Cr | Rs. 934.98 Cr | Rs. 1031.5 Cr | + 10.32 % | + 3.27 % |
| Operating Profit | Rs. 295.03 Cr | Rs. 329.06 Cr | Rs. 293.74 Cr | -10.73 % | -0.44 % |
| OPM % | 22.8 % | 26.03 % | 22.17 % | -3.86 % | -0.63 % |
| Other Income | Rs. 17.61 Cr | Rs. 22.27 Cr | Rs. 24.14 Cr | + 8.4 % | + 37.08 % |
| Interest | Rs. 1.65 Cr | Rs. 2 Cr | Rs. 2.12 Cr | + 6 % | + 28.48 % |
| Depreciation | Rs. 22.73 Cr | Rs. 25.01 Cr | Rs. 23.71 Cr | -5.2 % | + 4.31 % |
| Profit before tax | Rs. 288.26 Cr | Rs. 324.32 Cr | Rs. 292.05 Cr | -9.95 % | + 1.31 % |
| Tax % | 29.75 % | 25.4 % | 25.96 % | + 0.56 % | -3.79 % |
| Net Profit | Rs. 202.5 Cr | Rs. 241.94 Cr | Rs. 216.24 Cr | -10.62 % | + 6.79 % |
| EPS in Rs | Rs. 2.05 | Rs. 2.45 | Rs. 2.19 | -10.61 % | + 6.83 % |
Today, we’re looking at Castrol India Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 2.42 %. However, it did see a marginal increase of 4.84 % from the previous quarter. Expenses ticked up slightly by 10.32 % quarter-on-quarter, aligning with the annual rise of 3.27 %. Operating profit, while down -0.44 % compared to last year, faced a quarter-on-quarter dip of -10.73 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.63 %, but a shrinkage of -3.86 % sequentially. Other income rose by 8.4 % compared to the last quarter, despite an annual growth of 37.08 %. Interest expenses surged remarkably by 6 % from the previous quarter, yet the year-over-year increase remains at a moderate 28.48 %. Depreciation costs fell by -5.2 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.31 %. Profit before tax grew annually by 1.31 % but saw a reduction from the preceding quarter by -9.95 %.
Tax expenses as a percentage of profits decreased slightly by -3.79 % compared to last year, with a more notable quarter-on-quarter increase of 0.56 %. Net profit rose by 6.79 % year-on-year but witnessed a -10.62 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 6.83 % but a quarterly fall of -10.61 %. In summary, Castrol India Ltd’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. 1293.89 Cr | Rs. 1264.04 Cr | Rs. 1325.24 Cr | + 4.84 % | + 2.42 % |
| Expenses | Rs. 998.86 Cr | Rs. 934.98 Cr | Rs. 1031.5 Cr | + 10.32 % | + 3.27 % |
| Operating Profit | Rs. 295.03 Cr | Rs. 329.06 Cr | Rs. 293.74 Cr | -10.73 % | -0.44 % |
| Net Profit | Rs. 202.5 Cr | Rs. 241.94 Cr | Rs. 216.24 Cr | -10.62 % | + 6.79 % |
| EPS in Rs | Rs. 2.05 | Rs. 2.45 | Rs. 2.19 | -10.61 % | + 6.83 % |
In reviewing Castrol India Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.42 % year-on-year growth, however, there was a minor increase of 4.84 % from the previous quarter. Expenses rose by 3.27 % compared to the previous year, with a 10.32 % increase quarter-on-quarter. Operating Profit dropped by -0.44 % annually, and saw a -10.73 % decrease from the last quarter.
Net Profit showed yearly increase of 6.79 %, and experienced a -10.62 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 6.83 % annually, however dipped by -10.61 % compared to the last quarter. In essence, while Castrol India Ltd exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
