Castrol India PAT up 4% at Rs 194 cr

Mumbai: Castrol India on Monday reported 4 per cent increase in profit after tax at Rs 194 crore for July-September period of 2023. The company had delivered a PAT of Rs 187 crore in the year-ago period. Castrol India follows January-December for its financial reporting. Revenue from operations was Rs 1,121 crore as against Rs 1,183 crore in the same quarter last year, Castrol India said. “The end of last quarter (Q3) saw hardening crude prices, with global uncertainties, and inflationary pressures. The recent conflict in the Middle East has brought more challenges to crude price volatility.