Castrol India's revenue increased 4.5% YoY (down 9.7% QoQ) to Rs 1121.1 crore in Q3CY22. Gross profit was Rs 509.5 crore against Rs 532.3 crore in Q3CY21 while EBITDA was down 2% YoY (down 10% QoQ) to Rs 257.1 crore. PAT stood at Rs 187.2 crore, flattish YoY (down 9.3% QoQ)
The management stated that cost of additives and base oil were rising on account of forex and inflationary pressures. 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
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