Castrol bottomline skids 7%

BS 200 SCORECARD

Castrol India's net profit has declined by around 7 per cent to Rs 127.46 crore for the quarter ending December 2004 compared with Rs 137.38 crore in corresponding quarter last year.

The company's sales and income from operations have posted around 12 per cent increase at Rs 1,523.2 crore (Rs 1,360.5 crore).

A company's media release stated that the net profit had declined this year as a result of exceptional costs of Rs 18 crore incurred on closure of the Ballabgarh plant.

The board has announced a final dividend of Rs 8.25 per share for the year 2004. The stock had opened at Rs 211 and closed the day at Rs 200.35, registering a 4 percent decline.