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Our Bureau

MUMBAI: Castrol India Ltd has recorded an 8.7 per cent increase in net profit for the third quarter ended September 30, 2004 to Rs 31.1 crore (Rs 28.6 crore).

Net sales for the quarter stood at Rs 303.4 crore, 6 per cent higher than Rs 286.2 crore for the same period last year. Earnings per share for the quarter stood at Rs 2.51 (Rs 2.31).

Total expenses for the period went up to Rs 257.43 crore (Rs 244.48 crore) while interest payments and depreciation was at Rs 74 lakh (Rs 40 lakh) and Rs 3.40 crore (Rs 3.61 crore) respectively.

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