Castrol India Ltd. has announced its results for the full year/fourth quarter 2015. For the full year 2015, profit from operations was up by 25.7 per cent to Rs. 855.8 crores, whilst profit after tax was up by 29.7 per cent at Rs. 615.2 crores as against Rs. 474.5 crores during the same period the previous year.
Profit from operations during the quarter under review was up by 3.5 per cent at Rs. 202.9 crores whilst profit after tax at Rs. 140.8 crores was up by 6.7 per cent as compared to the same period last year.
Commenting on the results, Mr. Omer Dormen, Managing Director, Castrol India Ltd., said: “This is an outstanding overall performance, driven by momentum in the personal mobility segment, continued premiumization of our portfolio and judicious margin and cost management.”
Commenting on the personal mobility segment, Mr. Omer Dormen said: “We saw strong volume and value growth in our two-wheeler and passenger car engine oil categories during the year under review.”
In the passenger car segment, the growth was largely delivered through Castrol MAGNATEC which was promoted through a unique micro-marketing programme and the Castrol MAGNATEC mobile units which are now operational in several key markets. The brand delivered strong volume and value growth, especially in the retail and independent workshop channels.
In the commercial vehicle oils, Castrol Vecton launched during the year has been performing exceptionally well in the market place.”