6 days Ago By Moneycontrol
Shares of Castrol India and AWL Agri Business dropped over 2 percent and 5 percent respectively on April 29, while UCO Bank shares jumped over 4 percent in reaction to March quarter results. UCO Bank UCO Bank reported a net profit of Rs 652 crore for the March quarter of FY25, marking a rise of nearly 24 percent on year, while the interest income surged over 15 percent YoY to Rs 6,745 crore. UCO Bank also announced a dividend of Rs 0.
39 per equity share for FY25, for which the record date to determine the eligibility is yet to be announced. The shares of the bank surged over 4 percent to trade at Rs 32.08 apiece on April 29.
Notably, 1.42 million shares of UCO Bank were traded in a block deal in the morning, Bloomberg News reported. AWL Agri Business (formerly Adani Wilmar) The makers of Fortune Oil reported a net profit of Rs 190 crore for the March quarter of FY25, a year-on-year rise of over 21 percent, whiel the revenue from operations surged around 38 percent YoY to nearly Rs 18,230 crore.
"Industry growth has been subdued for last few quarters in Edible Oil & Wheat Flour," the company said. Speaking about its main segment, edible oil, the company said, "Q4FY25 profitability was under pressure due to higher investments to sustain volumes in the backdrop of relatively weak demand." The FMCG major reported a Rs 184 crore profit before tax for the segment, marking a 20 percent YoY fall.
"High Palm oil prices led to market share loss in value-for-money segment, leading to overall market share loss," it added. The company recorded a sequential fall of 41 percent in its quarterly EBITDA to Rs 461 crore. AWL Agri Business shares dropped over 5 percent to trade at Rs 265 apiece.
Notably, the company's name was changed from Adani Wilmar effectively from March 17. Castrol India Castrol India reported a net profit of Rs 233 crore for the January-March quarter, a rise of nearly 8 percent from the Rs 216 crore PAT reported a year ago. The company's revenue from operations rose over 7 percent YoY to Rs 1,422 crore.
Castrol India 's earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter grew nearly 5 percent YoY to Rs 308 crore. However, the EBITDA margin declined slightly to 21.6 percent, according to CNBC-TV18.
Also Read: Our LIVE blog on Q4 Result updates Speaking on the quarterly performance, Castrol India Managing Director Kedar Lele said, "We have made a steady start to the year, delivering growth in both revenue and profitability despite a challenging external environment. Our focus on product innovation, portfolio expansion, and deeper market penetration continues to fuel consistent momentum. The successful relaunch of Castrol Activ and continued traction in rural markets have been key growth drivers and contributed meaningfully to our volume growth this quarter.
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