The shares of Castrol India opened in the green owing to positive results. Castrol India Ltd., post market hours, declared its Q1CY16 results yesterday.

As compared to previous quarter the Net Income from Operations has increased by 8 per cent and stands at Rs 855.7 crores as compared to 790.9 crores. EBITDA on a (QoQ) basis has increased by 20 per cent and stands at Rs 255.2 crores. Net Profit has also seen a double digit jump. Profits for the current year have increased by 22 per cent and stand at Rs 172.4 crores as compared to previous Rs 140.8 crores.

On a (YoY) basis the Net Profits stand at Rs 172.4 cores. As compared to Q1CY15 profits have increased by 18 per cent. EBITDA stands out at Rs 255.2 crores as against 190.7 crores. EBITDA has increased due to cost effective raw material, and has seen a surge of 34 per cent.

Castrol India Ltd. is an India based automotive and industrial lubricant manufacturing company. Castrol India manufactures and markets a range of automotive and industrial lubricants. It markets its automotive lubricants under two brands - Castrol and BP. The product line of the company includes lubricants, metalworking fluids, cleaners and corrosion preventives. 

Positive results are mainly due to a significant growth registered in terms of volume. As compared to previous year, sales volume has grown by 7 per cent and stands at Rs 855.7 crores.