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Earnings Analysis: 
Castrol India, Hexaware Technologies Net Rises
Author: Mita Yagnik
123jump.com
Last Update: 6:10 AM ET February 18 2010



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Castrol India Limited fourth quarter sales rose 13.6% to Rs 609 crore and net profit rose 70% to Rs 80 crore. Hexaware Technologies Ltd fourth quarter revenues fell 17.6% to Rs 252 crore and net profit rose 110.5% to Rs 36 crore or Rs 2.42 a share.

 
4:40PM Mumbai, India - Castrol India Limited sales rose 13.6% and net profit rose 70%. Hexaware Technologies Ltd revenue fell 17.6% and net profit rose 110.5%.

Castrol India Limited, the lubricant company said fourth quarter sales rose 13.6% to Rs 609 crore from Rs 536 crore a year ago. Net profit for the quarter rose 70% to Rs 80 crore compared to net profit of Rs 47 crore a year ago.

Castrol India Limited, in the last one year traded as high as Rs 724.00 in February 2010 and as low as Rs 291.50 in March 2009. Based on the yesterday’s closing price of Rs 654.00 the company has market cap of Rs 80.86 billion.

Hexaware Technologies Ltd, the provider of information technology said fourth quarter revenues fell 17.6% to Rs 252 crore from Rs 306 crore a year ago. Net profit for the quarter rose 110.5% to Rs 36 crore or Rs 2.42 per diluted share compared to net profit of Rs 17.1 crore or Rs 1.18 per share a year ago.

Hexaware Technologies Ltd, in the last one year traded as high as Rs 102.80 in December 2009 and as low as Rs 20.60 in March 2009. Based on the yesterday’s closing price of Rs 71.30 the company has market cap of Rs 10.24 billion.
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Market data: BATS Exchange. Inc.

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