Castrol India 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. 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 Rs17.67 from Rs.12.50 in the previous year. Return on Net Worth increased to 52%

The Board of Directors at its meeting, 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.

With crude oil price touching record USD 100 our raw material prices are on an uptrend.  In spite of  a difficult environment,  the company looks forward to a promising 2008, based on our outlook of strong economic environment,  our product and brand superiority and strong relationships with Original Equipment Manufacturers, trade, service providers and end consumers.

Related Items:

---

Be first to comment this article

Only registered users can write comments.
Please login or register.