Castrol India (500870) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 27% YoY to INR 1,735 crore, while EBITDA fell 19% to INR 262 crore amid raw-material inflation and adverse currency movements.

• 9M revenue grew 20% to INR 5,151 crore, EBITDA rose 11% to INR 1,086 crore, and PAT increased 9%.

Financial highlights

• Q3 PBT was INR 243.38 crore versus INR 307.87 crore YoY; PAT was INR 176.37 crore versus INR 227.80 crore.

• 9M PBT was INR 1,042.52 crore versus INR 950.13 crore; PAT was INR 766.25 crore versus INR 705.26 crore.

• 9M total income reached INR 5,202.17 crore versus INR 4,335.38 crore.

• Q3 revenue from operations was down 7% QoQ; EBITDA fell 47% QoQ and PAT fell 49% QoQ.

Outlook and guidance

• No near-term margin or volume guidance amid input-cost volatility; medium-term EBITDA may remain outside the 21%-24% framework, with a longer-term aim to return to it.

• Longer-term ambitions are EBITDA margin of 21%-24% and volume growth at 1.5x-2x market growth; short-term volatility is expected to persist.

• Overall volumes may remain soft in the short to medium term, while rural and industrial growth engines are expected to outpace the market.

• Pricing, cost controls and supply-chain efficiencies will adjust to raw-material, FX and demand trends; market-share growth and investment in growth drivers remain priorities.