CASTROLIND

** Castrol India CAST.NS jumps 10.9% to 246.60 rupees; set to gain for fourth straight session

** Saudi Aramco 2222.SE in early stages of considering potential bid for BP's BP.L lubricant business Castrol, Reuters reports

** BP holds 51% stake in CAST

** Around 54.6 mln shares traded, ~7x the 30-day average

** CAST gains ~25% YTD

(Reporting by Vijay Malkar)

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** India's Nifty Energy index .NIFTYENR and Nifty Oil & Gas .NIFOILGAS trade down 1.1% and 1.3%, respectively

** Both have dropped 5.7% and 4.9%, respectively, in the past four sessions amid a broader sell-off in markets, with the benchmark Nifty 50 .NSEI down 2.6% during the same period .BO

** Heavyweights Reliance Industries RELI.NS and ONGC ONGC.NS down 3.4% and 8.7%, respectively, during the period

** Concerns over global trade war after U.S. President Donald Trump said on Sunday he would impose reciprocal tariffs on several nations continue to rattle Indian stocks

** Oil India OILI.NS has dropped ~3% since February 10 on missing Q3 profit estimates; Gujarat Gas GGAS.NS down 13% since February 6 after lower Q3 results and as analysts flagged headwinds

** Eleven of 13-major sectoral indexes are trading in red on the day

** Year-to-date, NIFTYENR, NIFOILGAS, NSEI have lost 11.5%, 7% and 3%, respectively

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Castrol India CAST.NS jump 7% to seven-week high of 207.90 rupees

** Stock up 18% in 3 days after co posts 12% increase in Q3 net profit on Monday on the back of steady demand

** Kotak Institutional Equities double upgraded CAST to "add" from "sell" after the results

** Says stock "no longer expensive" after correction from August peak

** IDBI Capital upgraded stock to "buy" from "hold", highlighting company's aim to outpace industry growth, attractive valuations

** CAST currently down 27% from record high of 284 rupees hit on August 27

** Analysts average rating on stock "buy"; median PT 235 rupees - LSEG data

(Reporting by Vivek Kumar M)

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** Castrol India CAST.NS soars 8% to 190 rupees; set for biggest one-day pct gain since July 24, 2024

** Engine oil maker, 51% owned by British oil major BP BP.L, posts 12% y/y rise in Q4 PAT; rev from ops up 7.1%

** Says steady demand for products buoyed by new launches aided in profit rise; campaigns enhanced brand visibility, reach

** More than 4.1 mln shares traded, 1.8x the 30-day avg

** Stock gained ~10% in 2024

(Reporting by Ashna Teresa Britto in Bengaluru)

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Feb 3 (Reuters) - Castrol India Ltd CAST.NS:

• Q4 PAT 2.71 BILLION RUPEES

• DIVIDEND 9.5 RUPEES PER SHARE

• Q4 REVENUE FROM OPERATIONS 13.54 BILLION RUPEES

• DIVIDEND INCLUDES SPECIAL DIVIDEND OF 4.5 RUPEES PER SHARE

Source text: ID:nBSE2cx10c

Further company coverage: CAST.NS

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Nov 29 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA ENTERED AMENDED AGREEMENT INVOLVING KI MOBILITY SOLUTIONS

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Oct 30 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA - CASTROL INDIA APPOINTS KEDAR LELE AS MANAGING DIRECTOR

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Oct 24 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA SEPT-QUARTER PAT 2.07 BILLION RUPEES

• CASTROL INDIA SEPT-QUARTER REVENUE FROM OPERATIONS 12.88 BILLION RUPEES

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** Shares of Gulf Oil Lubricants India Ltd GOLU.NS up 8.4% at 1,168.3

** GOLU on Tuesday said Q1 profit rose 26.5%, helped by strong sales volume growth

** Over 712,000 traded, 1.6x 30-day avg volume

** Stock extends YTD gains to ~62%, beating rival Castrol India's CAST.NS 41% rise this year

(Reporting by Nandan Mandayam in Bengaluru)

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July 30 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA - DIVIDEND 3.5 RUPEES PER SHARE

• CASTROL INDIA - APPOINTMENT OF RAKESH MAKHIJA AS CHAIRMAN

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** Castrol India's CAST.NS shares rise as much as 4.6% to 209.2 rupees, their biggest intraday pct gain since April 9

** Shares last up 2.46%

** Lubricant co appointed Kedar Lele as MD for 5 years, effective Nov. 1, 2024

** CAST trading above key 50-, 100-, 200- day moving avgs for first time since April 30

** Stock up 14% YTD, following a 45% surge in 2023

(Reporting by Aleef Jahan in Bengaluru)

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June 11 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA LTD - SANDEEP SANGWAN WILL RELINQUISH HIS OFFICE AS MD

• CASTROL INDIA LTD - APPOINTED KEDAR LELE AS MD

Source text for Eikon: ID:nBSE2gDsK2

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BENGALURU, April 30 (Reuters) - Engine oil maker Castrol India CAST.NS reported a 6.8% rise in first-quarter profit on Tuesday, boosted by new product launches and resilient demand for its automobile lubrication products.

The company, in which oil major BP BP.L has a 51% stake, said profit after tax rose to 2.16 billion rupees (nearly $26 million) in the January-March quarter, from 2.03 billion rupees a year ago.

A significant rise in sales of two-wheelers and passenger vehicles during the quarter along with steady demand from existing vehicles benefited Castrol, which derives more than 80% of its revenue from automobile lubricants.

The company, which also manufactures industrial lubricants like turbine oils, said in a statement that the launch of new products significantly expanded its market share across segments.

Revenue from operations grew 2.4% to 13.25 billion rupees, despite soft consumer demand initially in the quarter, Managing Director Sandeep Sangwan said.

Total expenses grew 2.9%, as compared to a roughly 9% growth a year earlier, while the cost of raw materials and packing materials stayed flat in the quarter.

Castrol India's shares closed 0.6% down ahead of its results. They have risen 17.3% so far this year, while those of smaller peer Gulf Oil Lubricants India Ltd GOLU.NS have jumped 43.2%.

($1 = 83.3980 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru; Editing by Savio D'Souza)

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** Shares of lubricants-maker Castrol India CAST.NS up 3.4% at 205.4 rupees, easing from session-high jump of 4.9%

** Co's diversification plans, strategy shift - announced in an analyst call - to aid growth, brokerages note

** Motilal Oswal says expansion beyond lubricants to help co achieve growth targets, oil change services at Jio-BP stations to enhance market reach

** Motilal hikes PT to 230 rupees from 160 rupees but retains "buy"

** Kotak Institutional Equities says co's focus shifts to volume-led growth, flags medium-term woes from vehicular electrification

** Kotak says recent run-up provides opportunity to exit, retains "sell" with PT 180 rupees

** CAST eyes fourth straight month of gains

** YTD stock had risen more than 14% compared with a near-46% increase in 2023 - its second straight year of rise

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Castrol India CAST.NS rise as much as 5.6% to 200.3 rupees, their highest since May 2, 2018

** Engine oil maker said on Thursday its Q4 PAT rose 25% Y/Y, rev from ops up 7.5%

** Cites higher demand for its automobile lubrication products

** CAST trading above its 200-day simple moving avg since June

** Five analysts covering the stock on avg have a "buy" rating; stock currently trading at a 25% premium to median PT of 159 rupees - LSEG data

** Stock up 9.4% in Jan.; gained ~30% in Dec-qtr, its best quarterly gain since July-Sept, 2014

(Reporting by Ashna Teresa Britto in Bengaluru)

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BENGALURU, Feb 1 (Reuters) - Engine oil maker Castrol India CAST.NS reported a 25% rise in fourth-quarter profit on Thursday, aided by higher demand for its automobile lubrication products.

The company, which derives about three-fourths of its volumes from passenger and commercial vehicles, benefitted from sustained growth in auto sales and maintenance demand in the world's third-largest car market.

Castrol India's profit after tax came in at 2.42 billion rupees ($29.2 million), up from 1.93 billion rupees a year ago, it said in an exchange filing.

Its revenue rose 7.5% to 12.64 billion rupees.

The company sees "steady inflation and a positive shift in consumer confidence", Chief Financial Officer Deepesh Baxi said in a statement, as it expands its hold onto rural India and tries to warm up with inflation-weary two-wheeler owners.

Its expenses, however, inched up 1.5%, led by employee expenses and other spends, even as input costs stayed largely flat. The company did not specify what these other spends entailed.

Shares of Castrol India ended 3.6% lower before the results were announced.

($1 = 82.9713 Indian rupees)

(Reporting by Hritam Mukherjee and Nandan Mandayam in Bengaluru; Editing by Shilpi Majumdar)

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** Shares of engine oil maker Castrol India CAST.NS rise as much as 5.9% to their highest since April 2019

** CAST set for its best month since April 2020 and best quarterly rise since June 2020

** Reuters could not immediately ascertain a reason for the stock move

** Trading volume more than thrice its 30-day moving avg

** Stock currently trading ~13% above its median PT of 150 rupees - LSEG

** CAST last up 4.6%, on track for third consecutive session of gains, if trend holds

** Avg rating of five analysts on CAST at "buy" - LSEG

** Including session's move, stock up ~38% YTD

(Reporting by Kashish Tandon in Bengaluru)

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Dec 19 (Reuters) - Castrol India Ltd CAST.NS:

• RECEIVED ORDER DISALLOWING SERVICE TAX CREDIT AVAILED ON SEVERAL SERVICES

• EXPECTED FINANCIAL IMPLICATIONS AT 819.9 MILLION RUPEES

• AN APPEAL IS FILED AGAINST THE ORDER

Source text for Eikon: ID:nBSEbwPJ4k

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Nov 23 (Reuters) - Castrol India Ltd CAST.NS:

• ENTERED INTO TRIPARTITE AGREEMENT WITH KFIN TECHNOLOGIES, LINK INTIME INDIA

Source text for Eikon: ID:nBSEc2Q8Q6

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Oct 30 (Reuters) - Castrol India Ltd CAST.NS:

• SEPT-QUARTER PAT 1.94 BILLION RUPEES VERSUS 1.87 BILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 11.83 BILLION RUPEES VERSUS 11.21 BILLION RUPEES

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July 31 (Reuters) - Castrol India Ltd CAST.NS:

• JUNE-QUARTER PAT 2.25 BILLION RUPEES VERSUS 2.06 BILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 13.34 BILLION RUPEES VERSUS 12.42 BILLION RUPEES

• DIVIDEND 3 RUPEES PER SHARE

Source text for Eikon: ID:nNSE9CYxbF

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June 16 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL, MAHINDRA INSURANCE BROKERS ANNOUNCE ALLIANCE FOR CASTROL AUTO SERVICE WORKSHOPS - STATEMENT

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** Shares of Castrol India CAST.NS rise as much as 3.68% to 117 rupees, highest in over a month

** Brokerage Prabhudas Lilladher recommends accumulating the stock for an upside target of 127 rupees while keeping a stop loss at 111 rupees; terms it a "medium term technical pick"

** CAST has indicated a bullish candle pattern on the daily chart, moving past the significant 50-day exponential moving average, says Vaishali Parekh, vice president - technical research at Prabhudas Lilladher

** Stock is most active in nearly two months with a trading volume of 1.57 mln shares as of 12:14 p.m. IST, almost thrice the 30-day avg - Refinitiv data

** Stock lost 8.3% in 2023 so far, vs a 2.5% rise in the benchmark Nifty 50 .NSEI index

(Reporting by Bharath Rajeswaran in Bengaluru)

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May 12 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA LTD - ANNOUNCES EXPANSION OF ITS PORTFOLIO INTO AUTO CARE SEGMENT

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** Shares of Castrol India Ltd CAST.NS fall as much as 3.12%, steepest intraday day pct dip in nearly five months, to 113.50 rupees

** Automotive and industrial lubricants maker reports 11.3%fall in profit for March quarter

** Revenue from operations up 4.7% to 13.12 bln rupees, total expenses rise 9%

** Performance in Q1 of 2023 was impacted due to inflationary pressures, high input costs and fluctuating forex: CAST

** Trading volume of 755,612 shares as of 12:05 p.m. IST, 1.3x the 30-day avg of 577,324 shares - Refinitiv data

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

May 9 (Reuters) - Castrol India Ltd CAST.NS:

• MARCH-QUARTER PAT 2.03 BILLION RUPEES VERSUS 2.28 BILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 12.94 BILLION RUPEES VERSUS 12.36 BILLION RUPEES

Source text for Eikon: ID:nBSE7hTpl

Further company coverage: CAST.NS

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