Castrol India Sept qtr Net rises 12.8 pc to Rs 118 cr

Castrol India today reported a 12.8 per cent jump in the September quarter net profit at Rs 117.9 crore.
The engine oil major had posted a post-tax-profit of Rs 104.5 crore during the corresponding July-September period last year.
"The profit for the third quarter was higher largely due to higher volume and improved unit gross profit as compared to the same period last year," its managing director Ravi Kirpalani said.
He added that in spite of the sluggish growth in the industrial production in the country, the company's industrial vertical has delivered both volume and gross margin growth compared to the same period last year.

Its income from operations was up 11.1 per cent during the reporting quarter at Rs 799.5 crore as against the year ago's Rs 719.6 crore.
The pre-tax-profit rose 10.8 per cent to Rs 178.2 crore during the reporting period.
On the outlook front, the company said the ongoing softening in the crude prices should help lower the base oil costs.