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Latest news about Castrol

Castrol India Seeks Shareholder Approval for New CFO Appointment and Secretarial Auditor Change Aug 13, 2025

Castrol India has issued a postal ballot notice for three key corporate changes. The company proposes to appoint Ms. Mrinalini Srinivasan as Director and Wholetime Director for a five-year term, with a remuneration scale of ₹3.53 crore to ₹5.52 crore annually. Additionally, the company plans to appoint M/s. Parikh & Associates as Secretarial Auditors for five years. E-voting for these resolutions will run from August 14 to September 12, 2025, with results expected by September 16, 2025.

Castrol India Unveils Ambitious Growth Strategy: Rural Expansion and Industrial Lubricants in Focus Aug 13, 2025

Castrol India Reports Robust Q2 Results with 7% Revenue Growth Aug 11, 2025

Castrol India Targets 21-24% EBITDA Margin, Expects Growth in Industrial and Rural Segments Aug 07, 2025

Castrol India Reports 7% Revenue Growth in Q2, Declares ₹3.5 Interim Dividend Aug 05, 2025

More news about Castrol

05Aug 25

Castrol India Reports Robust Growth in Q2, Declares Interim Dividend

Castrol India Limited announced robust financial results for Q2 and H1 2023. Q2 revenue increased 7% to ₹1,497.00 crore, EBITDA rose 8% to ₹349.00 crore, and PAT grew 5% to ₹244.00 crore. H1 revenue reached ₹2,919.00 crore, up 7%, with EBITDA climbing 7% to ₹657.00 crore and PAT improving 6.5% to ₹477.00 crore. The company declared an interim dividend of ₹3.50 per share. Growth drivers include rural market expansion, industrial sector growth, distribution network enhancement, digital transformation, and sustainability initiatives. The company's managing director expressed optimism about future prospects, particularly in the industrial sector.

01Aug 25

Castrol India Pioneers API SQ Specification with Upgraded MAGNATEC Engine Oil Range

Castrol India has introduced an upgraded MAGNATEC engine oil range that complies with the latest API SQ standards. The new range, produced locally in India, offers improved wear protection, fuel efficiency, and compatibility with E20 fuel. Available in 0W-20, 5W-30, and 5W-40 viscosities, it will be rolled out nationwide in the coming weeks. This launch positions Castrol at the forefront of innovation in the passenger car lubrication sector, aligning with global quality specifications while supporting the 'Made in India, for India' initiative.

28Jul 25

HUL Among Seven BSE 500 Companies Paying Dividends Exceeding FY25 Profits

Castrol India and six other companies in the BSE 500 index have distributed dividends surpassing their net profits for FY25, resulting in payout ratios over 100%. The list includes Page Industries, Tech Mahindra, Hindustan Zinc, Hindustan Unilever (HUL), Aster DM Healthcare, and Godrej Consumer Products. All have market caps over ₹20,000 crore, with four exceeding ₹1,00,000 crore. Castrol India, HUL, and Aster DM Healthcare declared special dividends, with Aster DM Healthcare offering the highest at ₹118 per share. Sector-wise payout ratios show IT at 76%, FMCG at 64%, and Metals at 53% for FY25.

14Jul 25

Castrol India Shares Surge 6% on Favorable Tax Dispute Ruling

Castrol India's stock jumped 6% after winning a significant tax dispute against the Maharashtra Sales Tax Department. The Central Excise and Service Tax Appellate Tribunal (CESTAT) ruled in favor of Castrol India, resolving a Rs 4,131.00 crore tax controversy spanning from 2007-08 to 2015-16 and 2017-18. CESTAT rejected the appeals made by the Maharashtra Sales Tax Department regarding alleged inter-state sales from Maharashtra plants to Carrying and Forwarding Agents in other states.

14Jul 25

Castrol India Triumphs in ₹41.31 Billion Tax Dispute with Maharashtra Sales Tax Department

Castrol India Limited has secured a significant legal victory against the Maharashtra Sales Tax Department. The Customs, Excise and Service Tax Appellate Tribunal (Cestat) dismissed appeals from the state tax authority, rejecting tax demand orders totaling ₹41.31 billion for the period 2007-08 to 2017-18. This ruling overturns the previous tax demands, potentially saving Castrol India from a substantial financial burden.

11Jul 25

Castrol India Triumphs in ₹4,131 Crore Tax Dispute with Maharashtra Sales Tax Department

Castrol India Limited has won a decade-long tax dispute with the Maharashtra Sales Tax Department. The Customs Excise & Service Tax Appellate Tribunal (CESTAT) ruled in favor of Castrol, rejecting the department's appeals for nine years from 2007-08 to 2017-18. The dispute, involving ₹4,131 crore, centered on the movement of goods from Castrol's plants in Maharashtra to agents in other states. Castrol maintained its tax payment methodology was legally valid, a stance now vindicated by CESTAT. The ruling has no financial impact on Castrol, as the company had not made provisions for the disputed amount.

11Jul 25

Castrol India Wins Major Tax Dispute: CESTAT Rejects ₹4,131 Crore Demand

Castrol India Limited (CIL) has won a major legal battle against the Maharashtra Sales Tax Department (MSTD) in a decade-long tax dispute. The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) rejected MSTD's appeals demanding ₹4,131.00 crore from CIL. The dispute, spanning from 2007-08 to 2017-18, concerned the movement of goods from CIL's Maharashtra facilities to other states. CESTAT ruled in favor of CIL for nine out of ten years in question. CIL had not made provisions for this demand, considering the likelihood of economic outflow as remote based on legal advice.

30Jun 25

Castrol India Expands Automotive Maintenance Portfolio with New Cleaning Products

Castrol India has launched three new automotive cleaning products, expanding beyond its traditional lubricant range. The new lineup includes a Throttle Body Cleaner, Fuel Injector and Carburetor Cleaner, and Brake Cleaner. This strategic move aims to strengthen Castrol's position in the automotive aftermarket, potentially opening new revenue streams and offering consumers a wider range of vehicle maintenance solutions.

29May 25

Castrol India Clarifies Share Price Surge, Denies Involvement in Rumored Negotiations

Castrol India has issued a clarification regarding the recent surge in its share price. The company stated it is not involved in any undisclosed negotiations or discussions mentioned in a recent news article. Castrol India confirmed no awareness of any legal or regulatory proceedings related to the issue. The clarification comes amid BP's ongoing strategic review, though specific details were not provided. The company's statement aims to ensure transparency and guide investors to rely on official communications.

28Apr 25

Castrol India Reports Robust Q1 2025 Results: Revenue Up 7%, PAT Grows 8%

Castrol India Limited announced its Q1 2025 financial results, showing resilient performance with 7% year-on-year revenue growth to ₹1,422.00 crore. Profit After Tax increased by 8% to ₹233.00 crore. The company focused on product innovation, relaunching Castrol Activ and expanding its market presence. Despite challenges, Castrol remains optimistic about future growth prospects.

18Mar 25

Castrol India Shares Dip 7% on Ex-Dividend Day, Offering Substantial Payout

Castrol India's shares dropped nearly 7% as they went ex-dividend. The company declared a total dividend of Rs 13.00 per share, including a regular dividend of Rs 8.50 and a special dividend of Rs 4.50. The record date is set for March 18, with dividend distribution expected within 30 days. This price adjustment is a typical market response to significant dividend payouts.

05Mar 25

Saudi Aramco's Potential Bid for BP's Castrol: Implications for Indian Lubricant Market

Saudi Aramco is reportedly considering a bid for BP's Castrol lubricant business, potentially impacting the global lubricants industry. This move could affect Castrol India Limited, a significant player in the Indian market. The potential acquisition might alter competitive dynamics, bring new resources and technologies, and affect Castrol India's long-term strategy. However, discussions are still in preliminary stages with no official statements from involved parties.

27Feb 25

BP Launches Strategic Review of Castrol, Including Castrol India

BP, the parent company of Castrol India Limited, has initiated a strategic review of its global lubricants business, including Castrol India. The review aims to accelerate Castrol's value delivery and will consider all options. This could potentially lead to significant changes for Castrol India, including possible alterations in ownership structure or business strategy. Castrol, a leading global lubricants brand, has outlined growth ambitions in mobility, industrial lubricants, and data centre fluids. Potential outcomes of the review may include a partial or full sale of BP's stake in Castrol India, restructuring of global operations, or new strategic partnerships.