Castrol India profit up 22%

Castrol India registered a 22 per cent jump in third quarter profit at R117 crore, compared to R96 crore a year ago, the company said on Tuesday.

Castrol India registered a 22 per cent jump in third quarter profit at R117 crore, compared to R96 crore a year ago, the company said on Tuesday. Its net sales were up at R641 crore, as against R565 crore.

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Net sales for the automotive segment rose 14 per cent to R548 crore, compared to R481 crore in the year-ago period. Non-autmotive sales rose 9 per cent during the quarter.

The company’s total expenditure rose 11 per cent.