Castrol India Limited announced its financial results for the fourth quarter (4Q) and full year ending 31 December 2024 (FY24). The company follows a calendar year for its financial reporting.

For FY24, the company recorded revenue from operations of Rs 5,365 crore, a 6 per cent increase over Rs 5,075 crore in FY23. Profit Before Tax (PBT) for FY24 stood at Rs 1,258 crore, up 6 per cent from Rs 1,181 crore in FY23. Profit After Tax (PAT) for FY24 was Rs 927 crore, a 7 per cent growth from Rs 864 crore in FY23.

For 4Q 2024, revenue from operations was Rs 1,354 crore, a 7 per cent rise from Rs 1,264 crore in 4Q 2023. PBT for the quarter reached Rs 371 crore, a 14 per cent increase from Rs 324 crore in the corresponding period of 2023, while PAT for the quarter stood at Rs 271 crore, growing by 12 per cent from Rs 242 crore in 4Q 2023.

Kedar Lele, Managing Director of Castrol India Limited, commented, "2024 was a year of significant progress for Castrol India. We introduced meaningful innovations in key product categories and expanded our market reach. Castrol EDGE continued to set benchmarks in high-performance lubricants for cars, while CRB TURBOMAX+ CK4 enhanced trucking fleet performance. For industrial partners, we advanced rust protection with customised solutions.

We also strengthened our rural presence, reaching over 36,000 workshops and stores as part of our extensive network of over 143,000 outlets nationwide. This network enables millions of consumers to trust Castrol for efficient vehicle performance, inspiring us to innovate and serve better."

He added, "In 2025, we aim to continue this momentum by focusing on delivering high-quality products and services to the automotive and industrial sectors. A major milestone this year is the relaunch of ACTIV, our flagship brand, in the first quarter. Enhancing our rural footprint and introducing innovative service offerings are top priorities. By making Castrol more accessible and affordable, we aim to strengthen our leadership in the industry."

Deepesh Baxi, Chief Financial Officer of Castrol India Limited, stated, "Our 2024 performance demonstrates our ability to balance growth and profitability despite a volatile geopolitical environment. Cost optimisation, operational efficiency, and timely pricing strategies supported margin improvements, aligning with our strategic objectives. Sound financial management remains central to our resilience and preparedness for future opportunities and challenges."