Castrol India recently announced good news for its shareholders. On February 4, the company revealed that its profit for the last three months of 2024 grew by 14%, reaching ₹927 crore, compared to ₹846 crore from the same time last year.
For the entire year of 2024 (which ended on December 31), Castrol made ₹5,365 crore in sales, which is a 6% increase from ₹5,075 crore in 2023. In the fourth quarter (from October to December 2024), the company earned ₹1,354 crore in sales, marking a 7% growth from ₹1,264 crore in the same quarter of the previous year.
To reward its shareholders, Castrol announced a special dividend of ₹9.5 per share.
Kedar Lele, the Managing Director of Castrol India, said, “In 2025, we will keep our promise to provide high-quality products for cars and industries. We will relaunch our biggest brand, ACTIV, in the first three months of the year. We are also focusing on reaching more customers in rural areas and introducing new services. Making our products easier for more people to access is very important to us. With a focus on what customers need and smart manufacturing, we aim to be even stronger in our business.”
On Monday, Castrol India’s shares closed at ₹176.55 on the BSE, down by 0.5%.
(Disclaimer: The views expressed by experts in this article are their own and do not reflect Thellv.news)
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