₹688 crore. That pales in comparison to the marginal 0.7% revenue decline seen in the calendar year 2019.Castrol follows a January-December financial year and accordingly, the March quarter is its first one.“While the covid-19 lockdown commenced in March, Castrol’s results also show the impact of the economic slowdown seen in the first two months of the quarter.
The upshot: the company’s quarterly volumes are the worst seen in a decade," said Nidhi Doshi, analyst at Dolat Capital Pvt.
Ltd.Castrol maintains the quarter was characterised by economic slowdown, liquidity crunch as well as the covid-19 pandemic break-out.