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   

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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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