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via thehindubusinessline.comBusiness & Companies

Castrol India Q3 profit falls 22.6% as raw-material costs surge 71%

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Castrol India’s Q3 profit drops 22.6% as raw-material costs surge, despite revenue up 27.3%, amid ownership changes and margin pressures.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishProfit decline at an Indian subsidiary driven by raw-material costs, relevant for the local listing.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Castrol India's Q3 profit dropped 22.6%.
  2. 02Raw-material costs surged 71%.
  3. 03Revenue rose 27.3% amid ownership changes and margin pressures.

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