Castrol India shares jump over 7% post-earnings; net income nearly doubled in Q1
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Shares of Castrol India gained over 7 percent in morning trade on Tuesday after the lubes player on Monday reported near doubling of net income for the quarter to March at Rs 243.6 crore as against Rs 125.2 crore a year ago, driven by robust revenue growth..
The stock jumped 7.10 percent to Rs 134.15 on the BSE. At the NSE, it zoomed 7.26 percent to Rs 134.40.
Revenue grew to Rs 1,138.7 crore in the reporting quarter from Rs 688 crore a year ago. Its revenue for the full year ended December 2020 was Rs 2,996.9 crore, when it had a net income of Rs 582.9 crore.