Castrol posts 19 percent increase in net profit at Rs 164.2 crore for Q2
The company had reported a net profit of Rs 137.9 crore during the same period of the previous fiscal.
The company follows a January-December financial year.
"While personal mobility continues to be a key strategic growth driver, the focus on our significant commercial vehicle engine oil portfolio is also delivering results with record volume growth driven by the launch of new products and aided by a favorable economic environment, with emphasis on infrastructure development," he added.
On the future outlook, Dormen said that with continued volatility in crude oil price and steep depreciation of the Indian rupee, the company expects a challenging second half, but will be taking appropriate actions to support the volume growth momentum.
The company's board, which met today, also recommended an interim dividend of Rs 2.25 per share.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)