Motilal Oswal: Castrol India - Act Of Pent-Up Demand; Normalisation To Follow   
Castrol Ltd. fuel hoses are coiled on a fuel stand in the maintenance workshop. (Photographer: Carla Gottgens/Bloomberg)

Motilal Oswal: Castrol India - Act Of Pent-Up Demand; Normalisation To Follow   

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Castrol India Ltd.’s sales volumes stood at approximately 47 million litre in Q3 CY20 (up 6% YoY, up 62% QoQ), with realisation at approximately Rs 188 per litre (versus Rs 192 in Q3 CY19 and Rs 169 in Q2 CY20).

Thus, net sales stood 4% higher YoY at Rs 8.8 billion, while profit after tax was 9% higher YoY at Rs 2 billion.

Growth was seen across segments, but was primarily driven by two-wheeler and the commercial segment (on better agri-demand).

Also, demand was higher led by increased original equipment manufacturer fills in anticipation of festive demand.

Click on the attachment to read the full report:

Motilal Oswal Castrol India Q3CY20 Result Update.pdf


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