Castrol India: Slipping badly
Castrol India slipped badly in the June quarter — its revenue fell 10 per cent and profit declined a sharper 33 per cent y-o-y. The company’s performance was impacted by lower volumes due to the impact of GST transition and the lingering effect of demonetisation. The commercial vehicles oil business, in particular, was badly hit. Also, a sudden rise in the price of base oil, the main raw material...
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