Mumbai, May 14 (IANS): Lubricating oil maker Castrol India Ltd (Castrol) on Thursday said its net profit during January-March 2015 increased by 46.4 percent to Rs.146.7 crore compared to Rs.100.2 crore in the corresponding period in 2014.

However, the company's total income from operations during the review period declined by 2.2 percent to Rs.799.20 crore against its earning of Rs.817 crore during January-March 2014.

The automotive segment contributed to 88.8 percent of the total revenue at Rs.709.8 crore which remained nearly stable compared to the corresponding timeframe in 2014.

It was also able to curtail total expenditure, bringing it down by 8.8 percent to Rs.619.6 crore as compared to Rs.679.2 crore incurred during January-March 2014.

During the fiscal quarter, Castrol also extended employee benefit expenses to Rs.42.2 crore -- up by nearly eight percent from the previous expense of Rs.39.1 crore in January-March 2014.

Headquartered in UK, the company manufactures, distributes and markets lubricating oils and greases besides other services mainly to the automotive, industrial, marine, aviation and other industry verticals.