Castrol India Reports Strong Q3 Revenue Growth To ₹1,734.72 Crore, But Profit Dips; New Auditor Appointed

Mumbai - Castrol India reported a strong Q3 revenue growth of ₹1,734.72 crore for the period ended 30 September 2026, up from ₹1,362.75 crore in the same quarter last year. However, the company's profit for the quarter saw a dip, falling to ₹243.38 crore from ₹307.87 crore in the previous year's quarter. The earnings per share also declined to ₹1.78 from ₹2.30 in the corresponding period.

For the nine months ending 30 September 2026, Castrol India's revenue from operations reached ₹5,151.43 crore, marking a 20% increase from ₹4,281.58 crore in the prior nine months. The profit after tax showed a rise to ₹766.25 crore, up from ₹705.26 crore in the same period last year.

Castrol India appointed Price Waterhouse Chartered Accountants LLP as its statutory auditors for a five-year term, effective from the 49th Annual General Meeting in 2027, replacing Deloitte Haskins & Sells LLP.

In a management commentary, Managing Director Saugata Basuray highlighted the company's resilient performance despite rising raw material costs and adverse currency movements, attributing the success to effective pricing strategies. CFO Mrinalini Srinivasan noted that the company's EBITDA grew by 11% over nine months, driven by early pricing actions. Srinivasan anticipates ongoing volatility and inflation, planning to manage margin pressures through agile pricing and cost measures.