Castrol India reports 10% fall in Q1 net profit

Castrol India has reported results for first quarter ended March 31, 2012.

The company has posted a fall of 10.03% in its net profit to Rs 122.9 crore for the quarter ended March 31, 2012 as compared to Rs 136.6 crore for the same quarter in the previous year. However, total income has increased by 4.13% to Rs 784.3 crore for quarter under review as compared to Rs 753.2 crore for the quarter ended March 31, 2011.

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.