Castrol India (500870) Q4 2024 earnings summary

Executive summary

• Achieved 6% year-over-year revenue growth for FY2024, driven by product innovation and brand investment.

• Q4 2024 revenue rose 7% year-over-year to INR 1,354 crores, with profit before tax up 14% and PAT up 12%.

• Full-year profit before tax increased 6% to INR 1,258 crores, and profit after tax grew 7% to INR 927 crores.

• Annual and quarterly financial results for the period ended December 31, 2024, were audited and reviewed, respectively, with an unmodified opinion from the auditors.

• Board proposed a final dividend of INR 9.50 per share, including a special dividend for the 125th anniversary, totaling INR 13 per share for 2024.

Financial highlights

• Q4 2024 revenue: INR 1,354 crores (+7% YoY); full-year revenue: INR 5,365 crores (+6% YoY).

• Q4 2024 profit before tax: INR 371 crores (+14% YoY); PAT: INR 271 crores (+12% YoY).

• FY2024 profit before tax: INR 1,258 crores (+6% YoY); PAT: INR 927 crores (+7% YoY).

• Earnings per share (EPS) for the year was Rs. 9.37, up from Rs. 8.74 year-over-year.

• Total comprehensive income for the year reached Rs. 925.93 crore.

Outlook and guidance

• FY2025 EBITDA margin expected to remain in the 22%-25% range.

• Market volume growth projected at 4%-5%, with a commitment to grow above market.

• Continued focus on rural expansion, product innovation, and sustainability initiatives.

• The Board has recommended a final dividend, reflecting confidence in ongoing cash generation and profitability.