Castrol India’s profit rises close to 72%
Castrol India has seen its net profit rise by 71.91 per cent, as the company reported results on Thursday. This for the quarter ended December 31, 2009. In terms of money, the profits were Rs. 80.8 crore. The company said in a statement issued to BSE.
Castrol is a lubricant maker and has made a good market for itself in the Indian market. The total income for the company was at Rs. 615.5 crore, which is higher than Rs. 547 crore, for the same period last year.
For the year ended December 31, Castrol India has reported a net profit which is up by 45.41 per cent, making it Rs. 381 crore, as compared with the same period last year.
Besides this, the board of the company has also recommended its final dividend for the period. The company will be paying a final dividend of Rs. 15 per equity. It also includes a special dividend of Rs. 10 per share for the same period.
The board has approved an issuance of bonus share which would be one for every equity share held.
All this has not been approved by the shareholders till now and is also awaiting some other important approvals.
After the declaration, company's shares went down by 7.27 per cent.