Castrol India Reports Highest-Ever Revenue from Operations of Rs 4,192 Cr in 2021 amidst Challenging Biz Environment

Castrol India Ltd has announced its results for Q4 2021 and fiscal year ended 31 December 2021.

For the full year ended 31 December 2021, the company registered Revenue from operations of Rs 4,192 crore, which is its highest-ever till date. It also marks an overall revenue growth of 40% compared to Rs 2,997 crore for the full year ended 31 December 2020.

Castrol India’s Profit Before Tax stood at Rs 1,029 crore in 2021, marking a 31% growth compared to Rs 785 crore in 2020. The company achieved this growth amidst a very challenging environment marked by an unprecedented rise in input costs and supply chain disruptions resulting from the ongoing Covid-19 pandemic.

In addition to the interim dividend of Rs 2.50 per equity share, the company’s Board of Directors have recommended a final dividend payment of Rs 3 per equity share each for the year 2021, subject to shareholders’ approval.

In Q4 2021, Castrol India registered Revenue from Operations of Rs 1,091 crore, delivering a strong growth of 17 per cent compared to Rs 935 crore in Q4 2020. Profit Before Tax for the quarter stood at Rs 257 crore, compared to Rs 250 crore in Q4 of 2020.

Commenting on the Q4 2021 results, Sandeep Sangwan, Managing Director, Castrol India Limited, said, “Castrol India delivered resilient performance and strong topline growth in the fourth quarter of 2021, registering a 17% growth over the corresponding quarter in 2020. Despite an adverse environment with rising input costs and softer market demand, we also grew our bottomline through focused investments and prudent cost actions.”

Adding further, Sandeep Sangwan said, “At Castrol India, we are leveraging growth opportunities through independent workshops, premium branded products, and new formats such as the Castrol Auto Service centers and Castrol Express Oil Change outlets. Apart from investing in our brands, we are strengthening our service & maintenance offerings to customers and scaling up adjacencies with 3M to offer co-branded products.”