Castrol India drops after weak Q2 outcome

Castrol India lost 2.73% to Rs 327.50 at 09:49 IST on BSE after net profit fell 19.01% to Rs 124.40 crore on 4.82% increase in total income to Rs 923.90 crore in Q2 June 2014 over Q2 June 2013.

The result was announced after market hours on Thursday, 31 July 2014.

Meanwhile, the S&P BSE Sensex was down 154.07 points, or 0.59%, to 25,740.90

On BSE, so far 20,701 shares were traded in the counter, compared with an average volume of 1.43 lakh shares in the past one quarter.

The stock hit a high of Rs 330.10 and low of Rs 325.15 so far during the day. The stock hit a 52-week high of Rs 364.80 on 2 July 2014. The stock hit a 52-week low of Rs 282 on 16 May 2014.

The stock had underperformed the market over the past one month till 30 July 2014, rising 2.08% compared with 2.65% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 11.66% as against Sensex's 16.37% rise.

The large-cap company has an equity capital of Rs 247.28 crore. Face value per share is Rs 5.

Castrol India's board of directors at its meeting held on Thursday, 31 July 2014, has decided to pay an interim dividend of Rs 3.50 per share for the year ending 31 December 2014. The interim dividend would be paid on 21 August 2014, Castrol India said.

Castrol India manufactures and markets a range of automotive and industrial lubricants.

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