Share Price of Castrol India Surges 9% on Strong Q4 and Annual Financial Results

Castrol India’s Share Hit a Two-Week High of ₹192.90 per share after a 9% jump on Tuesday, February 4, in early trades. The sharp rise came after the company reported robust Q4CY24 and full-year results post-market hours on Monday, showcasing steady growth in revenue and profit.

Quarterly and Annual Financial Performance

The company, which follows a January-to-December financial reporting cycle,

• Annual Revenue: ₹1,354 crore, reflecting a 7% increase from ₹1,264 crore in the quarter 2023.
• Profit Before Tax (PBT) for Q4 2024: ₹371 crore, up 14% from ₹324 crore in Q4 2023.
• Profit After Tax (PAT) for Q4 2024: ₹271 crore, marking a 12% rise from ₹242 crore in Q4 2023.

For the entire year ending 31st December 2024, Castrol India recorded a 

• Annual Revenue: ₹5,365 crore, 6% up compared to ₹5,075 crore in 2023.
• AnnualPBT: ₹1,258 crore, up 6% from ₹1,181 crore in 2023.
• Annual PAT: ₹927 crore, reflecting a 7% growth from ₹864 crore in 2023.

Key Business Highlights

Kedar Lele, Managing Director, Castrol India Limited, commented on Company’s performance:

“2024 was a year of significant progress for Castrol India. We introduced meaningful innovations in key product categories and enhanced our market reach. Castrol EDGE continued to set high standards for lubricants in high-performance cars, while CRB TURBOMAX+ CK4 is delivering improved performance for India's trucking fleet. For our industrial partners, we advanced rust protection through customized solutions.”

He further emphasized Castrol India’s commitment to strengthening its rural presence, reaching over 36,000 workshops and stores as part of its extensive network of 143,000+ retail outlets across India.

Strategic Plans for 2025

Looking ahead, Castrol India has set ambitious goals for 2025:

• Re-launch of ACTIV, one of its most prominent brands, in Q1 2025.
• Expanding its rural market footprint and increasing accessibility.
• Introduction of new service offerings across various regions.
• Continued focus on customer-centric innovation and manufacturing resilience.

“In 2025, we will continue the promise by focusing on the delivery of high-quality products and services to the automotive and industrial sectors. A key milestone this year is the relaunch of ACTIV, our biggest brand, in the first quarter. Improving our footprint in rural India is going to be a priority, along with introducing innovative service offerings across regions. Making Castrol more accessible and affordable has been a key strategy, and we intend to scale it further to get more consumers into our network. With a strong focus on customer needs and resilient manufacturing, we aim to strengthen our leadership in the industry,” added Lele.

Conclusion

Since June 2022, Castrol India’s share price has surged 70%, climbing from ₹112 to ₹192. The company, a subsidiary of BP Group, is a major player in the lubricant industry, with a 115-year legacy in India. It operates three blending plants and a widespread distribution network, reaching over 150,000 retail outlets nationwide.

Castrol India remains a key stock in the automotive and industrial lubricant sector with strong fundamentals, innovative product launches, and a growing market reach.