Castrol India Q2 net profit jumps 47.33% at Rs 206.26 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 206.26 crore for the quarter ended June 30, 2022 as compared to Rs 140.00 crore in the same period last year, registering a year-on-year growth of 47.33 per cent. Net revenue of the company rose substantially by 39.58 per cent at Rs 1,241.71 crore in April-June quarter of this fiscal as against Rs 889.60 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 38.07 per cent to Rs 955.59 crore from Rs 692.10 crore in year ago period. Other Income grew by 2.78 per cent at Rs 13.67 crore versus (Jun'21 Rs 13.30 crore). Operating Profit surged by 44.87 per cent to Rs 286.12 crore as against Rs 197.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 3.78 per cent in June quarter. Interest declined by 30.00 per cent y-o-y to Rs 0.49 crore, while Taxation increased by 46.35 per cent at Rs 73.47 crore (Jun'21 Rs 50.20 crore).
.jpg)
