Castrol posts Rs 204 cr net

MUMBAI, FEBRUARY 11: Castrol India Ltd recorded a 14.6 per cent increase in its net profit to Rs 204.38 crore during the year ended December, 1999 as compared with Rs 178.36 crore of last year. The company8217;s sales went up by 10.8 per cent to Rs 1196 crore as against the Rs 1079 crore. Gross profit after interest but before depreciation and taxation also rose by Rs 39 crore to Rs 266.16 crore from Rs 178.36 crore. R A Savoor, chief executive and MD of Castrol said that it believes in value creation for its customers as well as its shareholders.