Castrol India Posts 25% PAT Growth in Q4 2023
Feb 02, 2024 19:29
Castrol India Ltd reported a 25% increase in Profit After Tax (PAT) to Rs 242 crore in the December quarter, driven by strong volume and cost management.
Mumbai, 1 Feb (PTI) Lubes maker Castrol India Ltd on Friday reported a 25 per cent growth in Profit After Tax (PAT) at Rs 242 crore for the December quarter.
The company had posted a PAT of Rs 133 crore in the year-ago period, Castrol India said in a statement.
The company follows calendar year (January-December) for its financial accounting.
The revenue from operations for the quarter stood at Rs 1,264 crore, up 7 per cent from Rs 1,176 crore a year ago, Castrol India said.
"In 2023, we navigated strategic landscapes with precision, driving robust top- and bottom-line growth by deftly balancing volume, margin, and unwavering cost management," Castrol India Ltd Managing Director Sandeep Sangwan said.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.