Castrol India LimitedQuarter Ended 30.09.2026 Results & Financial Update
Castrol India Limited: Quarter Ended 30.09.2026 standalone results and company financials – revenue ₹1,734.72 Cr, PAT ₹176.37 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Castrol India Quarter Ended 30.09.2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Castrol India Limited posted revenue from operations of INR 1,734.72 crore for the quarter ended 30 September 2026 (3Q 2026), marking a 27.29% expansion compared to INR 1,362.75 crore in the corresponding period of the previous year, though down sequentially from INR 1,871.47 crore in 2Q 2026.
Profit after tax (PAT) for the quarter stood at INR 176.37 crore, reflecting a contraction of 22.58% year-on-year from INR 227.80 crore and a sequential decline of 49.28% from INR 347.70 crore in the preceding quarter.
The financial performance for the quarter was shaped by a sharp increase in raw material and packaging costs consumed, which rose to INR 1,085.86 crore from INR 635.79 crore in 3Q 2025, alongside adverse currency movements.
Management noted that pricing actions taken early in the year helped moderate the pressure on operating margins, while the company continued to invest in expanding its rural distribution footprint and accelerating its industrial segment.
Total income for the quarter reached INR 1,748.12 crore, incorporating other income of INR 13.40 crore, while total expenses for the period expanded to INR 1,604.74 crore due to higher input costs and operational overheads.
Profit before tax (PBT) came in at INR 243.38 crore, compared to INR 307.87 crore in the year-ago quarter and INR 476.03 crore in the previous quarter, resulting in a tax expense of INR 67.01 crore for 3Q 2026.
On a nine-month basis (9M 2026), the company demonstrated cumulative resilience with revenue from operations growing 20% year-on-year to INR 5,151.43 crore and EBITDA rising 11% to INR 1,086 crore.
01 · Business model
What does Castrol India do?
Castrol India Limited, part of the bp group, operates as a prominent player in the Indian lubricant sector with over 115 years of operational presence. The company manufactures, markets, and distributes specialized automotive and industrial lubricants, greases, and related car and bike care products.
Its primary revenue engines are built around well-recognized brand portfolios including Castrol CRB, GTX, Activ, MAGNATEC, EDGE, and POWER1, catering to passenger cars, two-wheelers, commercial vehicles, mining, machinery, and wind energy sectors.
The company distributes its product range through a massive national network spanning retail outlets, independent workshops, franchise service networks, e-commerce, and modern trade channels, underpinned by three domestic blending plants situated across India.
02 · Historical context
What shaped the business before this quarter
In December 2025, ultimate holding company bp plc announced an agreement to sell a 65% shareholding in its global lubricants business to Stonepeak, while retaining a 35% minority interest, with no direct financial impact on Castrol India's reported results for the quarter.
Following the notification of the four Labour Codes by the Government of India in November 2025, the company recognized an exceptional item of INR 22.53 crore during the financial year ended December 31, 2025, based on actuarial valuations of estimated obligations.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Quarter Ended 30.09.2026 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹1,734.72 Cr | ₹1,362.75 Cr | ₹1,871.47 Cr |
| Total income | ₹1,748.12 Cr | ₹1,376.05 Cr | ₹1,885.47 Cr |
| EBITDA | ₹262.00 Cr | — | — |
| Profit before tax | ₹243.38 Cr | ₹307.87 Cr | ₹476.03 Cr |
| Profit after tax | ₹176.37 Cr | ₹227.80 Cr | ₹347.70 Cr |
| EPS | ₹1.78 | ₹2.30 | ₹3.51 |
| EBITDA margin | 15.10% | — | — |
Financial interpretation
What the reported numbers mean
Profit after tax represented 10.2% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 14.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹13.40 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
The industrial segment delivered another quarter of double-digit volume growth, supported by robust demand across manufacturing, metals, aerospace, and sugar sectors.
Revenue streams were supported by scaling the national retail footprint to approximately 167,000 outlets, including 46,000 rural outlets and around 50,000 physical outlets offering the Auto Care portfolio.
What drove margins
Cost of raw and packing materials consumed surged significantly to INR 1,085.86 crore compared to INR 635.79 crore in 3Q 2025, driven by high double-digit commodity cost inflation and adverse currency movements.
Management implemented proactive pricing adjustments early in the year to partially offset and moderate the margin compression stemming from rising input costs.
05 · Demand, customers & order book
Where demand is coming from
Added more than 175 new customers across key automotive and mining segments during 3Q 2026, alongside 700 new customers added in the industrial business across automotive, machinery manufacturing, metals, aerospace, and sugar.
The service network expanded to over 870 Castrol Auto Service centres, 37,000 independent bike workshops, and 16,000 multi-brand workshops.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company's business operations continue to operate under a single primary reportable segment of 'Lubricants', in accordance with Indian Accounting Standard (Ind AS) 108.
Geography and market mix
Castrol expanded its rural reach through its Rural Service Express, which now spans over 1,000 locations, alongside adding 46,000 rural outlets to its distribution network.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Castrol India continued to operate its three domestic blending plants efficiently, with its Silvassa and Paharpur facilities winning Gold at regional chapters of the Convention of Quality Concepts for operational excellence.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Launched Magna CTX, a circulating oil range for demanding industrial applications like MORGOIL bearings, and localised Castrol Engine Shampoo along with boron-free metalworking fluids Hysol 35 XBB and Hysol 61 XBB.
Featured the Castrol Highlander high-density polyethylene (HDPE) blow-moulded bottle—containing 60% recycled content—at the Plastics Recycling Awards India 2026.
09 · Reported developments
What changed operationally
For the nine months ended 30 September 2026, cumulative revenue grew 20% year-on-year to INR 5,151 crore and EBITDA increased 11% to INR 1,086 crore.
Won an ET Brand Equity Award for Digital Mechanic and ranked seventh in Supply Chain Excellence by the Institute of Supply Chain Management (ISCM).
10 · Pressure points & risks
What is not going smoothly
Net profit for 3Q 2026 declined 22.58% year-on-year and 49.28% sequentially due to severe input cost pressures and adverse currency movements.
11 · Management guidance & targets
What management is targeting from here
Management expects the operating environment to remain volatile and inflationary, and intends to act with agility to manage margin pressures through ongoing pricing and cost actions.
12 · Beyond the numbers
What changed beyond the numbers
Reported update
Mechanic Skill Certification
Celebrated Castrol Super Mechanics with a graduation-day ceremony where participants received certification from India's first sector skill council for the automotive industry, ASDC.
13 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations decreased from INR 1,871.47 crore in 2Q 2026 to INR 1,734.72 crore in 3Q 2026, while PAT moderated from INR 347.70 crore to INR 176.37 crore over the same period.
14 · Key Q&A
The quarter, answered directly
What does Castrol India do?
Castrol India Limited, part of the bp group, operates as a prominent player in the Indian lubricant sector with over 115 years of operational presence. The company manufactures, markets, and distributes specialized automotive and industrial lubricants, greases, and related car and bike care products.
What is the clearest takeaway from Quarter Ended 30.09.2026?
Castrol India Limited posted revenue from operations of INR 1,734.72 crore for the quarter ended 30 September 2026 (3Q 2026), marking a 27.29% expansion compared to INR 1,362.75 crore in the corresponding period of the previous year, though down sequentially from INR 1,871.47 crore in 2Q 2026.
What drove revenue or demand?
The industrial segment delivered another quarter of double-digit volume growth, supported by robust demand across manufacturing, metals, aerospace, and sugar sectors.
What mattered most for margins or profitability?
Cost of raw and packing materials consumed surged significantly to INR 1,085.86 crore compared to INR 635.79 crore in 3Q 2025, driven by high double-digit commodity cost inflation and adverse currency movements.
What changed operationally beyond the headline numbers?
Castrol India continued to operate its three domestic blending plants efficiently, with its Silvassa and Paharpur facilities winning Gold at regional chapters of the Convention of Quality Concepts for operational excellence.
What is management guiding or targeting from here?
Management expects the operating environment to remain volatile and inflationary, and intends to act with agility to manage margin pressures through ongoing pricing and cost actions.
15 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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16 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Input Cost and Margin Trajectory: Monitor raw material price trends and the effectiveness of future pricing actions in mitigating commodity inflation.
- 02
Statutory Auditor Transition: Track shareholder approval for the appointment of M/s Price Waterhouse Chartered Accountants LLP at the upcoming 49th Annual General Meeting in 2027.
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