Veedol Corporation Share Price

Oil Marketing & Distribution company Veedol Corporation announced Q4FY26 & FY26 results Consolidated Financial Highlights: Total Income: Reported at Rs 610.89 crore for Q4FY26, reflecting a QoQ growth of 12.52% (from Rs 542.90 crore in Q3FY26) and a YoY growth of 14.09% (from Rs 535.46 crore in Q4FY25). For FY26, total income stood at Rs 2,186.23 crore, up by 9.92% YoY compared to Rs 1,988.87 crore in FY25. Revenue from Operations: Stood at Rs 606.98 crore for Q4FY26, an increase of 12.82% QoQ (from Rs 538.02 crore in Q3FY26) and an increase of 14.04% YoY (from Rs 532.24 crore in Q4FY25). For FY26, revenue from operations was Rs 2,168.54 crore, up from Rs 1,972.14 crore in FY25. Net Profit: Reported at Rs 57.46 crore for Q4FY26, reflecting a QoQ increase of 31.94% (from Rs 43.55 crore in Q3FY26) but a YoY decline of 3.75% (from Rs 59.70 crore in Q4FY25). For FY26, net profit was Rs 191.62 crore, an increase of 13.55% YoY compared to Rs 168.75 crore in FY25. Standalone Financial Highlights: Total Income: Reported at Rs 465.44 crore for Q4FY26, registering a QoQ increase of 7.50% (from Rs 432.96 crore in Q3FY26) and a YoY increase of 11.44% (from Rs 417.66 crore in Q4FY25). For FY26, total income stood at Rs 1,662.45 crore, up YoY compared to Rs 1,602.88 crore in FY25. Revenue from Operations: Stood at Rs 427.66 crore for Q4FY26, up 8.26% QoQ (from Rs 395.02 crore in Q3FY26) and up 7.49% YoY (from Rs 397.86 crore in Q4FY25). For FY26, revenue from operations was Rs 1,546.96 crore. Net Profit: Reported at Rs 48.84 crore for Q4FY26, showing a QoQ growth of 11.92% (from Rs 43.64 crore in Q3FY26) and a YoY growth of 8.58% (from Rs 44.98 crore in Q4FY25). For FY26, net profit was Rs 135.16 crore, up from Rs 124.88 crore in FY25. Business Highlights: Segment Performance: The Company's business activity falls entirely within a single reportable operating segment viz., "Lubricants", hence no separate segment information is disclosed. Dividend: The Board of Directors recommended a final dividend of 1100% (Rs 22/- per share) on the ordinary shares of the Company for FY26, absorbing a sum of Rs 38.33 crore. Corporate Identity: The Company successfully changed its name from Tide Water Oil Co. (India) Limited to Veedol Corporation Limited, effective September 20, 2024. Labour Codes Impact: Consequent to the Government of India's consolidation of existing labour legislations into new Labour Codes, the Company restructured the salary of office staff effective March 23, 2026. This resulted in an incremental impact aggregating to Rs 2.60 crore in employee benefit payables as on March 31, 2026, which has been reflected as past service cost. Leadership Changes: Mr. Arijit Basu ceased to be the Managing Director of the Company with effect from the close of business hours on May 31, 2026, due to resignation. Mr. Rajendra Nath Ghosal was appointed as an Additional Director and Managing Director for the period from June 1, 2026, to March 31, 2027. Mr. Mandar Ghatnekar, Head Marketing, was relieved from his duties with the close of business hours on May 31, 2026. Fire Incident & Insurance: A fire broke out on October 5, 2024, at a third-party depot located at Bhiwandi, Maharashtra, destroying inventory valued at Rs 6.56 crore. The insurance claim lodged by the Company was subsequently repudiated by the insurance company after the year-end March 31, 2026. Subsidiary Dissolution: The Board previously approved the dissolution of Veedol Deutschland GmbH, a wholly owned subsidiary, as its financial results are not significant to the consolidated financials of the Group. Auditor Appointments: M/s. Harshad S. Deshpande & Associates, Cost Accountants, were appointed as the Cost Auditor of the Company for FY27. Result PDF

• Trendlyne
• 2 weeks 5 days ago

Oil Marketing & Distribution company Veedol Corporation announced Q3FY26 results Revenue: Rs 537.73 crore against Rs 482.42 crore during Q3FY25, change 11%. PBT: Rs 55.56 crore against Rs 43.52 crore during Q3FY25, change 28%. PAT: Rs 43.55 crore against Rs 37.34 crore during Q3FY25, change 17%. EPS: Rs 25.63 for Q3FY26. Result PDF

• Trendlyne
• 4 months ago

Tide Water Oil India stock price went down today, 10 Nov 2023, by -0.88 %. The stock closed at 1178.5 per share. The stock is currently trading at 1168.1 per share. Investors should monitor Tide Water Oil India stock price closely in the coming days and weeks to see how it reacts to the news.

• livemint
• 2 years 6 months ago