Tuesday, February 19, 2008

Castrol India Net Profit up 41%

Castrol India Limited today declared its audited results for the financial year ended 31st December 2007. The results reflect an outstanding all round performance in line with the company's growth agenda.

Financials for the period January - December 2007

-- Net profit for the year increased by 41% to Rs.218 crores against Rs.154 crores in the previous year.

-- Gross turnover for the year was Rs.2216 crores an increase of 9% over previous year

-- Operating margin increased to 17%

-- Earnings per share increased to Rs 17.67 from Rs.12.50 in the previous year

-- Return on Net Worth increased to 52%

The Board of Directors at its Meeting held today, recommended a final dividend of Rs.9.50/- per share for the year ended 31st Dec 2007 (2006 Final Dividend: Rs. 5 per share) in addition to an interim dividend of Rs 4.50/- per share (2006 Interim dividend : Rs. 4 per share), totaling to Rs. 14/- per share for the full year 2007 versus Rs 9 per share for 2006. Earning Per Share has increased from Rs. 12.50 in 2006 to Rs. 17.67 in 2007.

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