Castrol India Limited has announced its unaudited financial results for the quarter and nine months ended September 30, 2026. The company reported a 27% year-on-year revenue growth to ₹1735 crore for the third quarter. Additionally, the Board of Directors approved the appointment of Price Waterhouse Chartered Accountants LLP as the new statutory auditors for a five-year term, succeeding Deloitte Haskins & Sells LLP.
Castrol India Announces Q3 and Nine-Month Financial Results
Castrol India Limited today announced its financial results for the third quarter (3Q) and the nine months (9M) ended September 30, 2026. The company continues to demonstrate strong performance, with Revenue from Operations for the third quarter of 2026 reaching ₹1735 Crore, marking a significant 27% growth compared to the same period last year. For the nine-month period, revenue grew by 20% year-on-year to ₹5151 Crore.
In the third quarter, EBITDA stood at ₹262 crore, a decrease of 19% year-on-year. However, for the nine-month period, EBITDA saw a substantial 11% increase year-on-year, reaching ₹1086 Crore. The company highlighted that these results were achieved while addressing high double-digit commodity cost inflation through strategic pricing actions and maintaining market leadership.
Key Financial Highlights
Third Quarter of 2026
- Revenue from Operations: ₹1735 Crore, growth of 27% (YoY)
- EBITDA: dips 19% (YoY) to ₹262 crore
Nine Months of 2026
- Revenue from Operations: ₹5151 Crore, up 20% (YoY)
- EBITDA: up 11% (YoY) to ₹1086 Crore
Appointment of New Statutory Auditors
In addition to the financial results, the Board of Directors of Castrol India Limited, at its meeting held on October 24, 2026, approved the appointment of M/s Price Waterhouse Chartered Accountants LLP as the Statutory Auditors of the Company. This appointment is for a term of 5 consecutive years, commencing from the 49th Annual General Meeting (“AGM”) to be held in 2027, until the conclusion of the 54th AGM. This appointment is subject to the approval of the shareholders at the 49th AGM. The current Statutory Auditors, M/s Deloitte Haskins & Sells LLP, will continue until the conclusion of the 49th AGM, marking the completion of their second consecutive term of 5 years.
Operational and Strategic Updates
The company also provided insights into its market reach and customer growth initiatives. Castrol India expanded its national footprint to approximately 1,67,000 outlets and strengthened its service ecosystem with over 870 Castrol Auto Service centres. Product innovation included the launch of Magna CTX and localized variants of Castrol Engine Shampoo. The company also highlighted its driving brand engagement strategies and industry recognition, including awards for digital mechanics and supply chain excellence.
The financial results and related documents, including the Limited Review Report and a press release, have been enclosed with this announcement and will also be available on the company’s website at www.castrol.co.in.
Source: BSE
