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Castrol India held a conference call on 28 October 2024 to discuss the results for the quarter ended September 2024 and way forward. Mr. Sandeep Sangwan, Managing Director and Mr. Deepesh Baxi, Chief Financial Officer and Whole time Director of the company addressed the call.
Highlights of the Concall
- Revenue from Operations for 9M 2024 stand at Rs 4,011 crores, reflecting a 5% growth from Rs 3,811 crores in 9M 2023. Similarly, Profit Before Tax for the period reached Rs 887 crores, marking a 3% increase from Rs 857 crores in 9M 2023.
- Volume growth on a YoY basis for Q3 CY24 was around 8%. Approximately, 60% of the volume was contributed by the retail business.
- The company continues to prioritise product and service innovations while strengthening its partnerships with key OEMs in automotive and industrial sectors. In addition, it plans to maintain its growth momentum through strategic brand investments in the upcoming months.
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