Castrol India announces Q2 results

Castrol India Ltd has announced the following Unaudited results for the quarter ended June 30, 2006:

The Company has posted a net profit after tax of Rs 503.10 million for the quarter ended June 30, 2006 (Q2 FY 06-07) as compared to Rs 494.90 million for the quarter ended June 30, 2005 (Q2 FY 05-06). Total Income (net of excise) has increased from Rs 3985.80 million in Q2 FY 05-06 to Rs 4969.60 million for Q2 FY 06-07.

The Board of Directors has decided to pay an Interim Dividend of Rs 4.00 per Equity Share for the year ending December 31, 2006.

Further the Company has informed that, the Board has also resolved to amend / Enlarge the "Other Objects Clause" of the Company by the inserting Clauses 48, 49, 50, 51, 52, 53, 54 & 55.

Source : Equity Bulls

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