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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Castrol India posts higher quarterly profit on rural dema...
2026-04-28 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Engine oil maker Castrol India posted a 3.7 per cent ​rise in its first quarter profit ‌on Tuesday, supported by higher volumes ​across rural and ⁠premium segments and growth in its industrial business.

The lubricant maker's profit after tax ‌rose to ₹242 crore ($25.60 million) in the quarter ‌ended March 31, from ‌₹233 crore a year earlier.

Here ⁠are the details:

Revenue from operations increased about 9 per cent to 15.45 billion rupees, ​driven by ‌continued market-share gains and expansion across rural and urban markets.

Growth was supported by double-digit expansion ‌in the rural portfolio and ​continued traction in premium products in urban markets, the company ⁠said in an exchange filing.

Its EBITDA increased 7 per cent year-on-year to ‌₹329 crore, helped by higher volumes across the automotive and industrial lubricant segments.

However, total expenses rose 9 per cent during the quarter as raw material and ‌packing material costs increased year-on-year, limiting margin ​expansion.

The company also saw early signs of ⁠currency volatility and rising raw material costs ⁠toward the end of the quarter due to geopolitical ‌developments, Chief Financial Officer Mrinalini Srinivasan said. ($1 = 94.5338 Indian rupees)

Published on April 28, 2026