Castrol India shares jump 10%; check dividend payout, record date, and Q4 numbers

The company, along with the results announcement, informed bourses that the company's board has recommended a final dividend of ₹9.5 per share of the face value of ₹5 each (which includes a special dividend of ₹4.5 per share) for the financial year ended December 31, 2024.

It has fixed March 18, 2025, as the record date for determining the entitlement of members to the final dividend for the financial year ended December 31, 2024. "The dividend, if approved by the shareholders, will be paid on or before Wednesday, 23 April 2025," it added.

Castrol India follows the January-December period as its financial year.

For the December quarter, Castrol India reported a 12% increase in profit after tax (PAT) at ₹271 crore in the December quarter.

The company had posted a PAT of ₹242 crore in the October-December period of 2023, Castrol India said.

Revenue from operations rose 7% to ₹1,354 crore for the reporting quarter, it said.

"Our 2024 performance reflects our ability to balance growth and profitability in a volatile geopolitical environment. Optimising costs and operational efficiency, along with timely pricing strategies, helped strengthen our margins while staying aligned with our strategic goals," Castrol India Ltd Chief Financial Officer Deepesh Baxi said.

Baxi said the company's consistent focus on sound financial management ensures that it is well-prepared for the opportunities and challenges that lie ahead.

Castrol India saw significant progress last year, its managing director, Kedar Lele, said.

"We introduced meaningful innovations in key product categories and enhanced our market reach. We also strengthened our presence in rural India, now reaching over 36,000 workshops and stores, as part of our wider network of over 143,000 outlets across the country," Lele said.

In 2025, we will continue the promise by focusing on the delivery of high-quality products and services to the automotive and industrial sectors, he said.

"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," he added.

About Castrol India

Castrol India Ltd is a subsidiary of Castrol Limited. It is an oil and gas company. It carries out the production and distribution of a wide range of lubricants. The company’s product portfolio includes hydraulics, gear oils, refrigeration and compressor fluids, process oils, metalworking fluids, and greases. Castrol India markets products under the brand names Castrol Activ, Castrol CRB, Castrol Edge, and Castrol Power1, among others.

Castrol India's share price

Shares of Castrol India have fallen 25% in the past six months and 9% in the past one year.