Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Nine Months ended 30 September 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results and Statutory Auditor Appointment

Audit Opinion:

Limited Review Report issued by Deloitte Haskins & Sells LLP - No material misstatements identified. The review report states: "nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement."

Key Financial Highlights [Rupees in Crore]:

Standalone Results:

Quarter Ended 30 September 2026:

  • Revenue from Operations: ₹1,734.72 (27% increase from ₹1,362.75 in Q3 FY25)
  • Total Income: ₹1,748.12
  • Profit Before Tax: ₹243.38 (21% decrease from ₹307.87 in Q3 FY25)
  • Profit After Tax: ₹176.37 (23% decrease from ₹227.80 in Q3 FY25)
  • EPS: ₹1.78* (Basic and Diluted, not annualized)

Nine Months Ended 30 September 2026:

  • Revenue from Operations: ₹5,151.43 (20% increase from ₹4,281.58 in 9M FY25)
  • Total Income: ₹5,202.17
  • Profit Before Tax: ₹1,042.52 (10% increase from ₹950.13 in 9M FY25)
  • Profit After Tax: ₹766.25 (9% increase from ₹705.26 in 9M FY25)
  • EPS: ₹7.75* (Basic and Diluted, not annualized)
  • Other Equity as at Balance Sheet date: ₹1,405.74 (as of 31 December 2025)

Expense Breakdown (Q3 FY26):

  • Cost of raw and packing materials consumed: ₹1,085.86 (71% increase from ₹635.79 in Q3 FY25)
  • Employee benefits expense: ₹87.13
  • Finance costs: ₹1.72
  • Depreciation and amortization expense: ₹30.34
  • Other expenses: ₹284.80

EBITDA Performance (from Press Release):

  • Q3 FY26 EBITDA: ₹262 crore (19% decrease YoY)
  • 9M FY26 EBITDA: ₹1,086 crore (11% increase YoY)

Corporate Actions:

Auditor Appointment:

  • Board approved appointment of M/s Price Waterhouse Chartered Accountants LLP (ICAI Firm Registration No.: 012754N/N500016) as Statutory Auditors
  • Term: 5 consecutive years commencing from 49th Annual General Meeting in 2027 until conclusion of 54th AGM
  • Subject to shareholder approval at 49th AGM
  • Replaces retiring auditors M/s Deloitte Haskins & Sells LLP (ICAI Firm Registration No.: 117366W/W-100018)
  • Deloitte will continue until conclusion of 49th AGM, completing their second consecutive 5-year term

Other Significant Information:

Operational Highlights:

  • Expanded distribution to approximately 167,000 outlets including 46,000 rural outlets
  • Auto Care portfolio available across approximately 50,000 physical outlets
  • Service ecosystem includes 870 Castrol Auto Service centres, 37,000 independent bike workshops, 16,000 multi-brand workshops
  • Added more than 175 new customers across automotive and mining segments
  • Industrial business added 700 new customers across various sectors

Product Innovation:

  • Launched Magna CTX circulating oils for industrial lubrication applications
  • Localized Castrol Engine Shampoo for cars and bikes
  • Introduced Hysol 35 XBB and Hysol 61 XBB boron-free metalworking fluid

Management Commentary:

Saugata Basuray, Managing Director: "In a quarter marked by a sharp rise in raw material costs and adverse currency movements, Castrol delivered a resilient performance. Pricing actions taken early in the year helped moderate the impact on margins."

Mrinalini Srinivasan, CFO: "We expect the operating environment to remain volatile and inflationary. We will act with agility to manage margin pressures through pricing and cost actions."