Castrol India stock surges on strong Q3 performance
Castrol India’s shares climbed significantly in today’s trading, reaching ₹187.75 with heavy trading volumes of 198.20 lakh shares as of 1.10 PM. The surge follows the company’s announcement of a 12 per cent year-on-year increase in net profit to ₹271 crore for Q3 FY25.
The company reported revenue from operations at ₹1,354 crore for the quarter ending December 31, 2024, marking a 7 per cent increase from ₹1,264 crore in the same quarter last year. Total income rose to ₹1,377 crore, while expenses grew by 5 per cent year-on-year to ₹1,006 crore.
The company declared a final dividend of ₹9.5 per share, with March 18, 2025, set as the record date. Payment is scheduled on or before April 23, 2025.
In management changes, Nisha Trivedi will replace Udayan Sen on the board following his resignation as Nominee Director from BP.
Managing Director Kedar Lele highlighted the company’s expansion in rural India, now serving over 36,000 workshops within a network of 143,000 outlets nationwide.
The company’s market capitalization stands at ₹18,595.50 crore, with a free float market cap of ₹9,062.59 crore. Current trading shows buy quantities at 8,41,976 shares against sell quantities of 13,59,607 shares.
