Castrol India reports Q3 2023 results with 6 per cent revenue growth

IN THE THIRD QUARTER of 2023, spanning from July to September, Castrol India has reported a 6 per cent year-on-year growth in Revenue from Operations.

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This figure increased from Rs 1,121 crore in the same quarter of the previous year (3Q 2022) to Rs 1,183 crore. Revenues in the preceding quarter (2Q 2023) reached Rs 1,334 crore. The Profit Before Tax for 3Q 2023 amounted to Rs 264 crore, marking a 4 per cent increase compared to the Rs 254 crore in 3Q 2022.

These figures demonstrate a robust performance for the nine months ending on September 30, 2023. Revenue from Operations for this nine-month period reached Rs 3,811 crore, reflecting a 6 per cent growth compared to the Rs 3,598 crore in 9M 2022. The Profit Before Tax for this period stood at Rs 857 crore, representing a 1 per cent increase from Rs 845 crore in 9M 2022.