Castrol net up 10.7% to Rs 155.8cr; revenue almost flat

Castrol India today reported a 10.7 per cent rise in net profit at Rs 155.8 crore for the fourth quarter ended December 31, while its revenue inched down 1 per cent to Rs 782.2 crore.
For the full year ended December 2016, profit rose 9.7 per cent to Rs 674.9 crore, the automotive and industrial lubricant manufacturing company said.
The board of the company declared a final dividend of Rs 4.50 a per share (against Rs 5 last year) and a special dividend of Rs 2 (against nil last year) in addition to the interim dividend of Rs 4.50 per share (Rs 4 in 2015) paid in August 2016.

Commenting on the results, Omer Dormen, Managing Director, said despite external challenges we could deliver a strong set of results for the financial year as well as Q4 thanks to the excellent performance across both automotive and industrial segments.
Overall volume rose 4 per cent for the year, driven by continued momentum in the personal mobility segments and power brands, both delivering double digit growth, he added.