Castrol Annual Report Analysis - Demand To Revive As Economy Opens Up: Motilal Oswal
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Motilal Oswal Report
Castrol India Ltd.’s CY20 performance remained largely unhindered by declining index of industrial production levels and muted customer off-take, with the company delivering a resilient performance for the year.
Here are the key insights from the company’s CY20 Annual Report:
The company’s gross profit declined 19% in CY20 (versus CY19) due to lower volumes, weighed by disruptions caused by the pandemic and economic slowdown.
Operating and other expenses fell by Rs 600 million in CY20, driven by the company’s judicious cost management and efficiency programs – which led to robust working capital management.
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