Earnings Wrap-up: Castrol India, Balmer Lawrie

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Earnings Wrap-up: Castrol India, Balmer Lawrie
BY K. VENKATESHWAR RAO AND D.S. NAG
Castrol India reported double digit profit growth, and first quarter operating profit for Balmer Lawrie jumped, each for the quarter ending June 30. 
Castrol India

Castrol India reported a 19 percent increase in net profit year on year to Rs 164.2 crores (approximately Rs 1.6 billion or U.S. $23.4 million) for the quarter that ended June 30, primarily driven by higher volume as well as improved margin. The company’s net profit was Rs 137.9 crores in the same quarter in 2017. Net profit for the January to June 2018 period also grew by 9 percent to Rs 346 crores, up from 316.9 crores in the same period in 2017.   

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