Castrol India LimitedNSE: CASTROLIND

First Quarter ended 31 March 2025

· Issued by Castrol India Limited

Deloitte

Haskins & SellsLLP Chartered Accountants One International Center, Tower 3, 31 st Floor, Senapati Bapat Marg

Elphinstone Road (West) Mumbai - 400 013 Maharashtra, India

Tel: +91 22 6185 6000

Fax: +91 22 6185 41 01

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF CASTROL INDIA LII ITED

  1. We have reviewed the accompanying Statement of Unaudited Financial Results of Castrol India Limited ("the Company"), for the quarter ended 31 March 2025 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "LODR Regulations").

  2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

  3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

  4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

    Place: Mumbai Date: 28 April 2025

    For DELOITTE HASKINS & SELLS LLP

    Chartered Accountants Firm's Registration No. 117366W/W 100018



    Sampada S Narvankar

    Partner

    Membership No. 102911



    Regd. Office: One International Center, Tower 3, 31 st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737



    Castrol India Limited

    Registered Office: Technopolis Knowledge Park, Mahakali Caves Road, Andheri (East), Mumbai - 400 093. C castroi

    (CIN: L23200MH1979PLC021359)

    Website: https://www.castrol.co.in, Tel:(022) 71777111, Fax: (022) 66984101, Email - investorrelations.india@castrol.com Statement of Unaudited Financial Results for the Quarter Ended 31 March 2025

    (Rupees in Crore)

    Particulars

    Quarter Ended 31.03.25

    Unaudited

    Quarter Ended 31.03.24

    Unaudited

    Quarter Ended 31.12.24

    (Refer Note 5)

    Unaudited

    Year Ended 31.12.24

    Audited

    Income

    Revenue From Operations

    1,422.00

    1,325.24

    1,353.89

    5,364.85

    Other income

    Total Income Expenses

    32.24

    24.14

    23.17

    88.61

    1,454.24

    1,349.38

    1,377.06

    5,453.46

    Cost of raw and packing materials consumed

    705.92

    639.67

    570.65

    2,505.62

    Purchases of traded goods

    68.77

    58.08

    52.73

    236.55

    Changes in inventories of finished goods / traded goods

    (35.97)

    (7.11)

    22.67

    (14.34)

    Employee benefits expense

    67.50

    77.08

    77.02

    312.80

    Finance cosfs

    Depreciation and amortization expense

    2.33

    24.55

    2.12

    23.71

    2.68

    25.42

    9.38

    99.77

    Other expenses

    Total Expenses

    308.42

    263.78

    254.96

    1.046.07

    1,141.52

    1,057.33

    1,006.13

    4,195.85

    Profit Before Tax

    Tax Expenses

    312.72

    292.05

    370.93

    1,257.61

    Current tax (net of charge of earlier years)

    81.62

    78.38

    9956

    336.87

    Deferred tax

    Total Tax Expenses

    (2-36)

    (2.57)

    (002)

    (6.49)

    79.26

    75.81

    99.54

    330.38

    Profit after tax

    233.46

    216.24

    271.39

    927.23

    Other comprehensive income

    Items that will not be reclassified subsequently to profit or loss

    Re-measurement (losses) / gains on defined benefit plans

    (0.04)

    (0.83)

    (0.91)

    (1.74)

    Income tax effect on above

    Other comprehensive income for the period

    0.01

    0.21

    0.23

    0.44

    (o.0a)

    (0.62)

    (0.68)

    (1.30)

    Total Comprehensive Income for the period

    233.43

    215.62

    270.71

    925.93

    Equity Share Capital (Face value of share of Rs. 5/- each)

    494.56

    494.56

    494.56

    494.56

    Other Equity as at Balance Sheet date

    1,783.81

    Earnings Per Share (EPS) (Face value of share of Rs. 5/- each)

    (Rs.) (Basic and Diluted) *(Not Annualised)

    2.36 "

    2.19 *

    2.74 *

    9.37

    See accompanying notes to the Financial Results

    FOR CASTROL INDIA LIMITED

    Dated : 28 April 2025 Place : Mumbai

    Kedar Lele Managing Director DIN : 06969319





    Castrol India Limited

    Registered Office: Technopolis Knowledge Park, Mahakali Caves Road, Andheri (East), Mumbai - 400 093 t»Castro/

    (CIN: L23200MH1979PLC021359)

    Website: https://www.castrol.co.in, Tel:(022) 71777111, Fax: (022) 66984101, Email - investorrelations.india@castroI.com

    Statement of Unaudited Financial Results for the Quarter Ended 31 March 2025

    Notes •

    1. The Financial Results have been prepared and published in accordance wifh fhe Indian Accounting Standards, Section 133 of the Companies Act, 2013 read with Rules framed thereunder and Regulation 33 of SEBI Listing Regulations, as amended from time to lime.

    2. The above results were reviewed by fhe Audit Committee and approved by the Board of Directors at ifs meeting held on 28 April 2025.

    3. The above results have been subjected to "Limited Review" by the Statutory Auditors of the Company.

    4. The Company's business segment consists of a single segment of "Lubricants" in accordance with the requirements of Indian Accounting Standard (Ind AS) - 108 Operating Segment. Accordingly, no separate segment information has been provided.

    5. The figures of the quarter ended 31 December, 2024 are the balancing figures between audited figures in respect of the full financial year ended 2024 and the published year to date figures (subject to limited review) upto 30 September, 2024.

    6. For the financial year 2024, the Board of Directors of the Company in its meeting held on 3 February, 2025, had recommended a final dividend of Rs 9.5 per share (which included a Special Dividend of Rs 4.5 per share). The same was approved by shareholders at the Annual General Meeting of the Company held on 25 March, 2025 and paid in April, 2025.

FOR CA9TRO.L IN IA M ITE

Dated : 28 April 2025

Place : Mumbai

Kedar Lele " Managing Director DIN : 06969319