Lubes maker Castrol India today reported a 11.13 per cent increase in net profit at Rs 146.7 crore for the first quarter ended March 31 on the back of lower expenses.
Castrol had posted a net profit of Rs 132 crore in the March quarter last year, the company said in a BSE filing.
The company, which follows a January-December financial year, reported net sales of Rs 795.8 crore in the period under review, down 7.02 per cent as against Rs 855.9 crore in the same quarter a year ago.
Castrol's expenses in the quarter stood at Rs 619.6 crore, down 6.57 per cent compared with Rs 663.2 crore in the corresponding quarter a year ago.
Its other income in the quarter were at Rs 43.5 crore as against other income of Rs 10.8 crore in the first quarter of 2013-14.
Shares of Castrol India were trading at Rs 478 apiece on the BSE, down 0.07 per cent.
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