Veedol Corporation declares 2nd interim dividend of 700% (Rs 14 per share)
VEEDOL · price
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.8 pts less than its Lubricants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Veedol Corporation reported standalone Q3 FY26 revenue of Rs 395 crores (up 2.4% YoY) and PAT of Rs 43.6 crores (up 29.8% YoY). Consolidated revenue rose 11.5% to Rs 537.7 crores with PAT of Rs 43.6 crores (up 16.6%). Board declared 2nd interim dividend of 700% (Rs 14 per share on face value Rs 2) with record date Feb 6, 2026. Also appointed Kulbhushan Malhotra as additional director.
Strong profit growth and generous dividend signal shareholder-friendly management and healthy cash generation.