Castrol India net profit flat in Dec quarter

Lubricant brand Castrol India Ltd on Monday reported a net profit of Rs 189 crore in the fourth quarter ended December 31, almost unchanged from the year-ago period.

Castrol follows the calendar year (January to December) for its financial reporting.

Net profit in October-December 2020 was Rs 188 crore, the company said in a statement without assigning any reasons for the unchanged profitability.

Revenue in Q4 2021 (October to December) rose 17 per cent to Rs 1,091 crore.

For the full year ended December 31, 2021, the company posted the highest-ever revenue from operations of Rs 4,192 crore, a 40 per cent jump over last year. Net profit rose to Rs 758 crore from Rs 583 crore in 2020.

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