Castrol India Q3 Results Live : Castrol India declared its Q3 results on October 24, 2024, reporting a topline increase of 8.9% and a profit rise of 6.69% year-on-year.
However, compared to the previous quarter, the company faced challenges as revenue declined by 7.83% and profit decreased by 10.66%.
The Selling, General & Administrative expenses experienced a notable rise, increasing by 4.96% quarter-on-quarter and 17.46% year-on-year.
Despite the quarterly fluctuations, the operating income showed a decline of 11.72% sequentially but an increase of 6.47% year-on-year.
Earnings per share (EPS) for Q3 stood at ₹2.1, reflecting a 6.6% increase compared to the same period last year.
Over the past week, Castrol India has delivered a -6.06% return, while its performance over the last six months shows a -1.85% return, though it has achieved a commendable 15.41% return year-to-date.
The company currently holds a market capitalization of ₹20,519.34 crore, with a 52-week high of ₹284.4 and a low of ₹132.4.
As of October 26, 2024, out of four analysts covering Castrol India, one analyst has issued a Strong Sell rating, two have given a Hold rating, and one has recommended a Strong Buy.
The consensus recommendation for Castrol India as of October 26, 2024, is to Hold, indicating a cautious outlook among analysts.
