Shares of Castrol India increased 9% to ₹192.90 after the company’s Q4CY24 and full-year earnings. Revenue rose 7% to ₹1354 crore in Q4, while profit jumped 12% to ₹271 crore after tax. Revenue for the entire year was ₹5365 crore, 6% more than the previous year.
Following the revelation of Castrol India’s December quarter and full-year results after market hours on Monday, investors responded favorably, causing shares to rise 9% in early morning trading today, Tuesday, February 4, to a two-week high of ₹192.90 each.
The business uses the calendar year for its financial reporting, which runs from January to December. The firm recorded ₹1,354 crore in operating revenue during the fourth quarter (October–December 2024), a 7% increase over ₹1,264 crore in the fourth quarter of 2023. Profit Before Tax (PBT) increased by 14% from ₹324 crore in 4Q 2023 to ₹371 crore in 4Q 2024. Compared to ₹242 crore in 4Q 2023, the profit after tax (PAT) for 4Q 2024 was ₹271 crore, representing a 12% increase.
The firm reported operating revenue of ₹5,365 crore for the entire year that ended on Dec 31, 2024, a consistent 6% increase over ₹5,075 crore for the year that concluded on December 31, 2023.
PBT increased 6% from ₹1,181 crore in 2023 to ₹1,258 crore in 2024. According to the company’s financial statement, PAT for 2024 was ₹927 crore, up 7% from ₹864 crore in 2023.
“2024 was a year of significant progress for Castrol India,” remarked Kedar Lele, Managing Director, Castrol India Limited, about the company’s yearly performance. We expanded our market reach and made significant advances in essential product areas. CRB TURBOMAX+ CK4 is providing better performance for India’s trucking sector, while Castrol EDGE is still setting the bar high for lubricants in high-performance vehicles. Through specialized solutions, we improved rust prevention for our industrial partners.
Lele said that as part of its more extensive network of more than 143,000 outlets nationwide, the firm has increased its presence in rural India, operating over 36,000 workshops and stores. Because of Castrol’s broad reach, millions of customers can rely on them to maintain the efficiency of their cars. He continued, “That trust motivates us to innovate and consistently provide them with better service.”
“We will keep our word in 2025 by concentrating on providing the automotive and industrial sectors with high-quality goods and services. In the first quarter, the relaunch of our largest brand, ACTIV, represents a significant milestone this year. Our top priorities will be expanding our presence in rural India and launching cutting-edge service offerings in other areas. Increasing Castrol’s affordability and accessibility has been a crucial tactic, and we plan to expand it further to attract more customers to our network. We want to increase our industry leadership by putting a lot of emphasis on customer demands and robust production,” Lele continued.
Stock up 70% since June 2022:
Since June 2022, the price of Castrol shares has increased by 70%, from ₹112 to the present trading price of ₹190. Castrol India, a prominent lubricant manufacturer with 115 years of experience in India, is a member of the BP group. With three blending facilities and a vast distribution network, it serves over 150,000 retail locations nationwide.
