Veedol Q2 results PAT up 35% YoY, declares 1100% interim dividend
VEEDOL · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 1.8 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 Q2 FY26 standalone PAT of Rs. 26.39 cr, up 35% YoY on revenue of Rs. 351.51 cr (down 3.6%). Consolidated PAT rose to Rs. 40.94 cr versus Rs. 34.60 cr on revenue of Rs. 509.23 cr (up 6.9%). Board declared a 1100% first interim dividend of Rs. 22 per share, record date November 14, payment by December 8. Two independent directors step down on November 12 after completing two terms. New Company Secretary appointed. Results reflect Rs. 6.56 cr exceptional item from a Bhiwandi depot fire.
Strong standalone PAT jump and large 1100% interim dividend reward shareholders, but standalone revenue slipped YoY and a fire-related loss is booked.