Castrol India's Q2 FY25 Financial Results Show Flat Performance, MarketsMOJO Gives 'Hold' Call
Castrol India, a leading lubricant company in the largecap industry, has recently announced its financial results for the quarter ending September 2024. According to the latest report, the company’s performance has remained flat, with a score of -2 compared to 3 in the previous quarter.
The company’s Profit Before Tax (PBT) has decreased by 6.2% to Rs 259.56 crore, compared to the average PBT of the previous four quarters, which was Rs 276.75 crore. This indicates a negative trend in the near term for PBT. Similarly, the Profit After Tax (PAT) has also fallen by 6.2% to Rs 207.43 crore, compared to the average PAT of the previous four quarters, which was Rs 221.19 crore.
Based on these financials, MarketsMOJO has given a ‘Hold’ call for Castrol India’s stock. The company’s performance in the quarter has not been up to par, and the near term trend is also negative. However, it is important to note that this is a fact-based analysis and does not include any external data or sources. Investors are advised to do their own research and make informed decisions.
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