Castrol India posts resultsCASTROLIND - 112 Change: 0.60 (0.54 %)
News: Castrol India's revenue increased 8.5% YoY to Rs 1235.7 crore in Q1CY22. Gross margin was Rs 620 crore against Rs 613.2 crore in Q1CY21 while EBITDA was down 6.7% YoY to Rs 317.2 crore. PAT stood at Rs 228.4 crore, down 6.2% YoY.
Views: While we await sales volume data, revenue growth YoY was driven by higher realisation as per our understanding. Maintaining balance between volume growth and margins will be important going ahead as raw material costs are likely to be at elevated level in near term.