Castrol India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 30, 2021 at 11:29 am IST
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Castrol India Limited reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was INR 10,732 million compared to INR 8,831 million a year ago. Revenue was INR 10,816 million compared to INR 8,948 million a year ago. Net income was INR 1,859 million compared to INR 2,046 million a year ago. Basic earnings per share from continuing operations was INR 1.88 compared to INR 2.07 a year ago. Diluted earnings per share from continuing operations was INR 1.88 compared to INR 2.07 a year ago.
For the nine months, sales was INR 31,015 million compared to INR 20,617 million a year ago. Revenue was INR 31,375 million compared to INR 21,084 million a year ago. Net income was INR 5,695 million compared to INR 3,952 million a year ago. Basic earnings per share from continuing operations was INR 5.76 compared to INR 4 a year ago. Diluted earnings per share from continuing operations was INR 5.76 compared to INR 4 a year ago.
Castrol India Limited is an India-based lubricant company. The Company is engaged in manufacturing and marketing of automotive and industrial lubricants and related services. The Company's brands include Castrol CRB, Castrol GTX, Castrol Activ, Castrol POWER1, Castrol MAGNATEC and Castrol VECTON, Castrol EDGE, Castrol Go!, Castrol On and Castrol RX. The Company also operates in high performance lubricants and metalworking fluids used in a variety of industries, such as automotive manufacturing, mining, machinery and wind energy. Its services include Castrol Pitshop and Castrol Bike Point. Its commercial vehicle products include engine oils, transmission fluids, coolants, greases, diesel exhaust fluid (DEF) and hydraulic fluids. It produces a range of advanced electric vehicle (EV) transmission fluids, thermal fluids and EV greases. It has a manufacturing and distribution network with around three blending plants and a distribution network of 350 distributors and 100,000 retail outlets.