Castrol to Go Ex-Dividend on March 18, ₹9.5 Per Share Payout
Castrol will go ex-dividend on March 18, 2025, with ₹5 per share and a special dividend of ₹4.50 per share, totaling ₹9.50 per share. The company continues to reward its shareholders with consistent dividends. In the fiscal year FY24-25 Castrol India declared a total dividend of ₹13 per share.
The stock price for Castrol has risen more than 15% from its lows this year so far. The primary driver of this uplift has been reports that Saudi Aramco is reportedly considering a bid for BP's Castrol lubricants business. BP Plc, the parent company, holds a 51% stake in Castrol India and is considering a stake sale. Aramco's acquisition will have a positive impact on Castrol's business expansion in India.
Earning Performance
- Revenue: Revenue from operations grew by 7.1%, amounting to ₹1,353.9 crore, compared to ₹1,264.5 crore year-on-year.
- Net Profit: The company's net profit increased by 12.17%, reaching ₹271.39 crore, up from ₹242 crore in the same period the previous year.
| Q4 FY24 (Oct-Dec 2024) |
Q3 FY24 (Jul-Sep 2024) |
Q2 FY24 (Apr-Jun 2024) |
Q1 FY24 (Jan-Mar 2024) |
Q4 FY23 (Oct-Dec 2023) |
|
|---|---|---|---|---|---|
| Revenue from Operations (₹ Crore) | 1,354 (+5.1%) | 1,288 (-7.9%) | 1,398 (+5.5%) | 1,325 (+4.8%) | 1,264 (-4.6%) |
| Profit After Tax (₹ Crore) | 271 (+30.9%) | 207 (-10.8%) | 232 (+7.4%) | 216 (-10.7%) | 242 (-1.2%) |