Castrol India Q3 PAT up 22 pc at Rs. 117cr

MUMBAI: Castrol India Limited has announced its third quarter results for the period July - September 2010. The company delivered a robust performance for the period under review. Net Sales were up 13.4 pc to Rs. 640.9 crore compared to the same period during previous year and Profit after Tax grew by 22.3 pc to Rs. 116.9 crore. For the nine months ended 30th Sept 2010, net sales were up by 19.3 pc to Rs. 2,038.9 crore whilst Profit After Tax (PAT) increased by 28 pc to Rs. 384.4 crore. Commenting on the results, Naveen Kshatriya – Vice-chairman, Castrol India Limited, said, “Castrol India has delivered an outstanding performance by focusing on its long term strategy of profitable top line growth and cost efficiency. According to Mr. Kshatriya, the company has seen a sharp increase in its raw materials cost driven by rising base oil and other input costs. Despite this, the company has continued to grow margins through a combination of premium product mix, and strategic pricing actions. The company also continues its focus on other cash costs efficiency, building a culture where every rupee counts.” During the quarter under review the company continued its efforts to connect more closely with its customers and consumers. The premium car brand - Castrol Magnatec, saw the rollout of an extensive Integrated Marketing and Communications Campaign, on the benefit platform of "Instant Protection from the moment you turn on the key".