Castrol India shares rise 13% on reports of Saudi Aramco’s potential bid in firm

The scrip settled at ₹244.90 per share, jumping 10.15% on the NSE.

The report quoting people familiar with the matter said that Armaco might consider combining the Catrol Business with its Valvoline lubricants unit which it purchased for $2.65 billion in 2023.

However, deliberations are still in the early stages and the firm has not made a final decision on the matter.

Castrol India shares performance

As of 1:39 pm, Castrol India shares were trading at ₹246.61, up 10.92% on the NSE.

The stock has risen 15.08% since Monday, March 3 and 19.87% since February 1, 2025. It gained 25.11% on a year-to-date basis.

It touched its 52-week high of ₹284.40, on August 27, 2024, and a 52-week low of ₹162.60 on January 28, 2025.

Castrol India has a total market capitalisation of ₹514.26 crore on the 50-share index as of Thursday.

December quarter performance

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.

Castrol India follows the January-December period as its financial year. “For our industrial partners, we advanced rust protection through customised solutions. 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. This extensive reach enables millions of consumers to trust Castrol to keep their vehicles running efficiently. That trust inspires us to continuously innovate and serve better,” Kedar Lele, Managing Director of Castrol India said.