Castrol India Limited Announces Financial Results for the First Quarter Ended March 31st, 2007

Mumbai, Maharashtra, India

Castrol India Limited, market leader in the retail automotive lubricant segment, today announced an 18% increase in its Net Sales for the period January - March 2007. Net Sales increased from Rs.375.7 crores in January - March 2006 to Rs.442.1 crores during the same period this year. Profit Before Tax also increased by 33% from Rs.49.4 crores during January - March 2006 to Rs.65.7 crores during the same period this year whilst Profit After Tax increased by 29% from Rs.32.1 crores to Rs. 41.5 crores during the same period under review.

Commenting on the results, Mr. Naveen Kshatriya, Managing Director, Castrol India Limited, said - "Judicious pricing actions to neutralise sharp material cost increases last year, have had a salutary effect. Ongoing focus on operating costs and efficient sourcing/application of Base Oils have contributed to good performance. The Industrial business continued to deliver very strong performance, building on growing market and improved customer / product mix. We continue to invest in the brand at a higher level. Going forward, the outlook for environment remains favourable."

While still maintaining a very sharp focus on its core area of lubricants, Castrol India is widening its horizon beyond lubricants. Says Naveen Kshatriya "The company is poised for growth, leading in lubricants and simultaneously exploring opportunities in related areas. Our experience in Castrol BikeZone, a world Class Bike Service centre, gives us confidence to seek growth in new areas."

Naveen Kshatriya
Managing Director

About Castrol India Limited

Castrol India Limited is a public limited company in which 70.92 % of the paid-up capital is held by Castrol Limited, U.K which is a part of BP Group worldwide. Starting off as a trading unit in India, Castrol has grown to become the largest lubricant company in the retail automotive segment. Castrol has constantly demonstrated its commitment to Indian consumers by offering world class products, backed by the highest level of customer service. Castrol India is acknowledged as the technology leader in the Indian lubricant industry.

For more on Castrol India Ltd., visit www.castrol.co.in

To view the press release along with the tables and unaudited financial results, please click on the links given below:

Press Release

Unaudited Financial Results

Source: Castrol (Business Wire India)

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