Castrol India Limited today announced its results for the fourth quarter / full year 2014. The company delivered a strong performance during the quarter October – December 2014, continuing to build on operational momentum in a challenging macro-economic environment. Profit from operations during the quarter under review was up sharply at 20%, driven by a 1% increase in volume and a higher Unit Gross Margin. Other Income was sharply lower on account of lower interest post the capital reduction and some one-offs. As a result, Profit after Tax was up by 5% at Rs.132 crores during the quarter under review.

1. (Rs. in Crores) (Rs. in Crores)
Segment wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
Quarter Quarter Quarter Year Year Quarter Quarter Quarter Year Year
Ended Ended Ended Ended Ended Ended Ended Ended Ended Ended
31.12.14 30.09.14 31.12.13 31.12.14 31.12.13 31.12.14 30.09.14 31.12.13 31.12.14 31.12.13
Audited Unaudited Audited Audited Audited Audited Unaudited Audited Audited Audited
(Refer Note 4) (Refer Note 4) (Refer Note 4) (Refer Note 4)
PART I
988.0 923.9 931.0 Sales / Income from Operations 3907.1 3664.0 Segment Revenue
132.1 124.4 124.7 Less: Excise Duty 526.3 497.9 (Net Sales / Income from Operations)
855.9 799.5 806.3 Net Sales / Income from Operations 3380.8 3166.1 738.6 690.7 703.3 Automotive 2953.7 2791.6
3.4 2.8 3.2 Other Operating Income 11.5 13.5 120.7 111.6 106.2 Non Automotive 438.6 388.0
859.3 802.3 809.5 Total Income from operations (net) 3392.3 3179.6 859.3 802.3 809.5 Total Segment Revenue 3392.3 3179.6
Expenditure
21.3 (10.1) (1.6) a) Changes in inventories of Stock-in-Trade 16.8 (31.4) Segment Results
419.8 420.4 431.3 b) Cost of Materials Consumed 1760.5 1681.4 175.4 153.8 157.8 Automotive 617.4 635.2
35.6 40.2 43.0 c) Purchases of Stock-in-Trade 160.2 138.5 25.0 19.5 21.5 Non Automotive 77.6 78.9
37.3 41.9 30.8 d) Employee Benefits Expense 161.6 146.0 200.4 173.3 179.3 Total Segment Results 695.0 714.1
10.9 8.4 8.2 e) Depreciation and Amortisation Expenses 36.1 30.5
f) Other Expenditure 6.5 5.9 11.8 Unallocable Income net of Unallocable (Expenditure) 33.7 49.4
51.2 48.6 50.9 - Advertisement & Sales Promotion 233.3 216.4 0.6 1.0 0.8 Finance Charges 2.4 1.7
26.4 26.5 23.0 - Carriage, Insurance and Freight 107.6 94.6 206.3 178.2 190.3 Profit from Ordinary Activities Before Tax (including Exceptional Items) 726.3 761.8
60.7 58.7 59.9 - Other Expenditure 235.6 246.5
663.2 634.6 645.5 Total Expenditure 2711.7 2522.5 Segment Capital Employed
196.1 167.7 164.0 Profit from Operations before Other Income, Finance Charges & Exceptional
Items
680.6 657.1
140.5 203.5 203.9 Automotive 140.5 203.9
10.8 11.5 27.1 Other Income 48.1 83.6 113.2 112.0 99.0 Non Automotive 113.2 99.0
206.9 179.2 191.1 Profit from Ordinary Activities Before Finance Charges & Exceptional Items 728.7 740.7 243.1 286.6 448.5 Add: Unallocable Assets less Liabilities 243.1 448.5
0.6 1.0 0.8 Finance Charges 2.4 1.7 496.8 602.1 751.4 Total Capital Employed 496.8 751.4
206.3 178.2 190.3 Profit from Ordinary Activities Before Tax and Exceptional Items 726.3 739.0
- - - Add : Exceptional Items - 22.8 (Rs. in Crores)
206.3 178.2 190.3 Profit from Ordinary Activities Before Tax 726.3 761.8
74.3 60.3 64.1 Tax Expenses (Refer note 3 below) 251.8 253.2 As at As at
132.0 117.9 126.2 Net Profit from Ordinary Activities After Tax 474.5 508.6 Statement of Assets and Liabilities 31.12.14 31.12.13
Audited Audited
247.3 247.3 494.6 Paid up Equity Share Capital 247.3 494.6 A EQUITY AND LIABILITIES
(Face value of share of Rs.5/- each) (Refer note 5 below) Shareholders’ Funds
(a) Share Capital 247.3 494.6
Reserves excluding Revaluation Reserve 249.5 256.8 (b) Reserves and Surplus 249.5 256.8
Sub-Total - Shareholders' Funds 496.8 751.4
Earnings Per Share (EPS) (Face value of share of Rs.5/- each) Non-Current Liabilities
2.67 2.38 2.55 (Rs.) (Basic and Diluted) (Not Annualised) (Refer note 5 below) 9.59 10.28 (a) Other Long-Term Liabilities 11.0 10.8
See accompanying notes to the Financial Results (b) Long-Term Provisions 2.7 2.5
Sub-Total - Non-Current Liabilities 13.7 13.3
PART II (A) Current Liabilities
Particulars of shareholding (a) Trade Payables 539.9 472.8
Public Shareholding (b) Other Current Liabilities 137.4 121.0
143269476 143269476 143269476 Number of shares 143269476 143269476 (c) Short-Term Provisions 304.0 256.5
28.97% 28.97% 28.97% Percentage of Shareholding 28.97% 28.97% Sub-Total - Current Liabilities 981.3 850.3
Promoters and promoter group Shareholding TOTAL - EQUITY AND LIABILITIES 1491.8 1615.0
a) Pledged / Encumbered B ASSETS
NIL NIL NIL - Number of shares NIL NIL Non-Current Assets
N. A. N. A. N. A.
- Percentage of shares (as a % of the total shareholding of promoter and
promoter group) N. A. N. A. (a) Fixed Assets 187.8 175.3
N. A. N. A. N. A. - Percentage of shares (as a % of the total share capital of the company) N. A. N. A. (b) Deferred Tax Assets (net) 61.8 53.0
b) Non-encumbered (c) Long-Term Loans and Advances 85.0 87.6
351291716 351291716 351291716 - Number of shares 351291716 351291716 Sub-Total - Non-Current Assets 334.6 315.9
100.00% 100.00% 100.00%
- Percentage of shares (as a % of the total shareholding of promoter and
promoter group) 100.00% 100.00% Current Assets
71.03% 71.03% 71.03% - Percentage of shares (as a % of the total share capital of the company) 71.03% 71.03% (a) Inventories 365.5 374.0
(b) Trade Receivables 271.5 237.2
PART II (B) (c) Cash, Cash Equivalents and Other Bank Balances 431.4 594.2
Investor Complaints (d) Short-Term Loans and Advances 86.2 86.5
Pending at the beginning of the quarter (e) Other Assets 2.6 7.2
Received during the quarter Sub-Total - Current Assets 1157.2 1299.1
Disposed of during the quarter TOTAL - ASSETS 1491.8 1615.0
Remaining unresolved at the end of the quarter Nil
Notes: 4. The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year and
1. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on February 25, 2015. the published year to date figures upto the third quarter of the respective financial year.
2. The Board of Directors of the Company has at its meeting held on February 25, 2015 recommended (subject to the approval of the 5. The Company has reduced the fully paid-up face value of equity shares from Rs.10/- per share to Rs. 5/- per share
shareholders of the Company), a Final Dividend of Rs. 4.00 per share for the year ended December 31, 2014 (2013: Final Dividend effective from January 20, 2014.
Rs. 3.50 per share). An Interim Dividend of Rs. 3.50 per share (2013: Interim Dividend Rs. 3.50 per share) was paid 6. Previous period's figures have been regrouped wherever necessary.
in August 2014, both dividends aggregating to Rs. 7.50 per share (2013 : Rs. 7.00 per share). The final dividend would be paid to those FOR CASTROL INDIA LIMITED
shareholders whose names appear in the Register of Members at the close of business hours on May 7, 2015 and would be payable
on June 4, 2015.
3. Tax Expenses include Current Tax and Deferred Tax. Dated : February 25, 2015 Ravi Kirpalani
Place : Mumbai Managing Director
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Castrol India Limited
Regd. Office : Technopolis Knowledge Park, Mahakali Caves Road, Andheri (East), Mumbai - 400 093.
Audited Financial Results for the Year ended December 31, 2014
Quarter
Ended
31.12.14
Nil