>CASTROL: Q4 CY11 Results

Q4 CY11 Results Update
Castrol India Ltd has posted profit of Rs.1068.00 million for the quarter ended on Dec 31, 2011 as against Rs.1059.00 million in the same quarter last year, an increase of 1%. It has reported net sales of Rs.7727.00 million for the quarter ended on Dec 31, 2011 as against Rs.6981.00 million in the same quarter last year, a rise of 11%. During the quarter, it reported earnings of Rs 4.32 a share.



Break up of Expenditure
Expenditure for the quarter stood at Rs.6164.00mn, which is around 14% higher than the corresponding period of the previous year. Consumption of Raw Materials cost of the company for the quarter accounts for 52% of the sales of the company and stood at Rs.4046.00mn from Rs.3545.00mn of the corresponding period of the previous year. Other Expenditure Cost decreased 28%YoY to Rs.565.00mn from Rs.784.00mn and accounts for 7% of the revenue of the company for the quarter.



SYNOPSIS
Castrol is the second largest player in the Indian lubricant industry and is the market leader in the retail automotive lubricant segment.


It manufactures and markets a range of automotive and industrial lubricants.


The company offers passenger car engine oils, premium 2-stroke and 4-stroke oils, and multi grade diesel engine oils under the Castrol and BP brand names.


The Company sells its products through distributors to retail outlets Net Sales and PAT of the company
are expected to grow at a CAGR of 9% and 5% over 2010 to 2013E.


Castrol India has grown to become the second largest lubricant company in India with a market
share of around 22%.


To read report in detail: CASTROL