Castrol's performance is better than our expectation. The company has reported a PAT growth of 15% qoq and 4% yoy basis to Rs.1.79 bn mainly on account of better realization. Overall operating margin remained flat at 26% (product mix improved) in Q1CY17 despite raw material price pressure and higher employee cost. As against industry wide declining volumes, Castrol has reported marginal volume growth. In Q1CY17, the company has improved its market share in lubricant industry.
Shares of CASTROL INDIA LTD. was last trading in BSE at Rs.418.05 as compared to the previous close of Rs. 423.2. The total number of shares traded during the day was 323139 in over 1731 trades.
The stock hit an intraday high of Rs. 424.95 and intraday low of 415.8. The net turnover during the day was Rs. 135423663.