Castrol India reports 19% fall in Q2 net profit

Castrol India has reported results for second quarter ended June 30, 2014.

The company has reported a fall of 19.01% in its net profit at Rs 124.40 crore as compared to Rs 153.60 crore for the quarter ended June 30, 2013. However, the company’s total income has increased by 4.82% to Rs 923.90 crore for the quarter under review from Rs 881.40 crore for the corresponding quarter of the previous year.

Castrol India is the second largest player in the Indian lubricant industry and is the market leader in the retail automotive lubricant segment. It manufactures and markets a range of automotive and industrial lubricants.