Castrol India Ltd's Q4CY18 standalone net profit rises 7.7% yoy to Rs211.90cr: Beats Estimates

The company’s standalone revenue in the period stood at Rs1,033.40cr, up 6.5% yoy.

Jan 30, 2019 06:01 IST India Infoline Research Team

Castrol India Ltd Q4CY18

Standalone Results Q4CY18: (in Rs cr)

Q4CY18 YoY (%)
Revenue 1,033.40 6.5
EBITDA 317.40 3.5
EBITDA Margin (%) 30.7 [89]
Net Profit 211.90 7.7
***EBITDA margin change is bps

Castrol India Ltd's Q4CY18 results beat the estimates. Revenue in the quarter grew 6.5% yoy to Rs1,033.4cr against Rs970.3cr in Q4CY17, beating the estimates of Rs1,026cr. EBITDA for the quarter grew 3.5% yoy to Rs317.4cr against Rs306.6cr, beating the estimates of Rs258cr. EBITDA margin declined 89bps yoy to 30.7%. Net profit for the quarter grew 7.7% yoy to Rs211.9cr against Rs196.7cr last year, beating the estimates of Rs183cr.

• Personal mobility continues to be a key strategic growth driver; good growth in the commercial vehicle oil business.
• Board has approved an expansion investment plan of ~Rs140cr at state-of-the-art Silvassa plant. This investment, spread over the next two years, will scale up capacity at the Silvassa plant by 50%.
• ~80% of volume growth in 2018 is delivered through new products introduced in the last twelve months.

Technical View:

Castrol India Ltd ended at Rs163.10, up 1.9 points, or 1.18%, from its previous close of Rs161.20 on the BSE. The scrip opened at Rs165 and touched a high and low of Rs165 and Rs161.85, respectively. A total of 17,10,050 (NSE+BSE) shares were traded on the counter. The stock traded below its 200-DMA.

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