Castrol India Q1 Review - Growth In Volumes Attributed To Pent Up Demand: Dolat Capital
Castrol products. (Image: Company website)

Castrol India Q1 Review - Growth In Volumes Attributed To Pent Up Demand: Dolat Capital

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Dolat Capital Report

Castrol India Ltd.’s Q1 CY21 results were above our estimates on revenue and profitability front. Volumes were above our estimates at 61 thousand kilolitre.

Realisation was at Rs 186.7/litre.

Revenue increased by 65.5% YoY and by 21.8% QoQ due to pent up demand and growth from agriculture sector.

However, this quarter cannot be compared YoY as last year there was a slow-down due to the onset of the pandemic. There was demand pick up in tractor and SUV sales in Q1 CY20.

Gross spreads declined by 3.7% on a YoY basis and by 5.9% on a sequential basis.

Click on the attachment to read the full report:

Dolat Capital Castrol India Q1CY21 Result Update.pdf

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