Castrol India’s Q1 net dips by 5%

Castrol India, second largest player in the Indian lubricant industry, has reported results for the quarter ended June 30, 2011.

The company’s net profit for the quarter has dipped by 5.19% at Rs 142.50 crore as compared to Rs 150.30 crore for the quarter ended June 30, 2010. Total income has increased by 7.90% from Rs 753.10 crore for June quarter of last fiscal to Rs 812.60 crore for the quarter under review.

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.