- Home
- Results news
- Veedol Corporation
- Q2 FY27 results
Veedol Corporation Q2 FY27 results: net profit up 19.9% to ₹49.08 crore, revenue up 27.5%
Veedol Corporation Limited reported consolidated revenue of ₹649.25 crore in Q2 FY27, up 27.5% from Q2 FY26, while net profit rose 19.9% to ₹49.08 crore. EBITDA increased 13.2% to ₹60.08 crore, but the EBITDA margin fell 1.1 percentage points to 9.3%, and profit declined from the previous quarter.
Key points
- Consolidated revenue was ₹649.25 crore in Q2 FY27, up 27.5% from ₹509.23 crore in Q2 FY26.
- Consolidated net profit was ₹49.08 crore in Q2 FY27, compared with ₹40.94 crore in Q2 FY26 and ₹77.92 crore in Q1 FY27.
- EBITDA was ₹60.08 crore, with an EBITDA margin of 9.3% in Q2 FY27 against 10.4% in Q2 FY26 and 16.1% in Q1 FY27.
- Basic EPS was ₹28.88 in Q2 FY27, up 19.9% from ₹24.09 in Q2 FY26 and down 37.0% from ₹45.85 in Q1 FY27.
- H1 FY27 revenue was ₹1,257.82 crore and net profit was ₹127.0 crore, against ₹1,022.85 crore and ₹90.61 crore in H1 FY26.
How did Veedol Corporation perform in Q2 FY27?
Veedol Corporation reported consolidated revenue of ₹649.25 crore in Q2 FY27, up 27.5% from ₹509.23 crore in Q2 FY26. EBITDA was ₹60.08 crore, up 13.2%, while the EBITDA margin declined 1.1 percentage points to 9.3%. Profit before tax was ₹54.34 crore, up 12.9%, and tax was ₹14.27 crore against ₹14.31 crore a year earlier.
Net profit for the quarter was ₹49.08 crore, up 19.9% from ₹40.94 crore in Q2 FY26, while basic EPS rose to ₹28.88 from ₹24.09. Against Q1 FY27, revenue increased 6.7% to ₹649.25 crore, but EBITDA fell 38.8% to ₹60.08 crore, profit before tax fell 41.9% to ₹54.34 crore, and net profit fell 37.0% to ₹49.08 crore.
On a standalone basis, Q2 FY27 revenue was ₹440.65 crore and profit before tax was ₹35.79 crore, while profit for the period was ₹35.14 crore. The standalone result compares with ₹26.18 crore of profit in Q2 FY26 and ₹26.39 crore in Q1 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 649.25 | 608.57 | 509.23 | +27.5% | +6.7% |
| Other income | 3.32 | 3.90 | 3.84 | −13.5% | −14.9% |
| Total expenses | 598.23 | 518.90 | 464.93 | +28.7% | +15.3% |
| EBITDA | 60.08 | 98.13 | 53.07 | +13.2% | −38.8% |
| EBITDA margin | 9.3% | 16.1% | 10.4% | −1.1 pp | −6.8 pp |
| Profit before tax | 54.34 | 93.57 | 48.14 | +12.9% | −41.9% |
| Tax | 14.27 | 23.87 | 14.31 | −0.3% | −40.2% |
| Net profit | 49.08 | 77.92 | 40.94 | +19.9% | −37.0% |
| EPS (₹) | 28.88 | 45.85 | 24.09 | +19.9% | −37.0% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Veedol Corporation's costs and profit?
Total expenses rose to ₹598.23 crore in Q2 FY27 from ₹464.93 crore in Q2 FY26, an increase of ₹133.30 crore. Cost of materials was the largest increase, up ₹181.81 crore to ₹418.20 crore, while other expenses increased ₹20.36 crore to ₹133.63 crore; employee cost rose ₹0.16 crore, finance costs rose ₹0.07 crore, and depreciation rose ₹0.22 crore.
Other income declined by ₹0.52 crore to ₹3.32 crore from ₹3.84 crore in Q2 FY26. There was no exceptional item. Tax was ₹14.27 crore, lower by ₹0.04 crore from ₹14.31 crore, while profit before tax increased by ₹6.20 crore to ₹54.34 crore and net profit increased by ₹8.14 crore to ₹49.08 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 418.20 | 236.39 | +181.81 | +76.9% |
| Employee cost | 40.36 | 40.20 | +0.16 | +0.4% |
| Finance costs | 0.69 | 0.62 | +0.07 | +11.3% |
| Depreciation | 8.37 | 8.15 | +0.22 | +2.7% |
| Other expenses | 133.63 | 113.27 | +20.36 | +18.0% |
| Total expenses | 598.23 | 464.93 | +133.30 | +28.7% |
| Other income | 3.32 | 3.84 | −0.52 | −13.5% |
| Tax | 14.27 | 14.31 | −0.04 | −0.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹1,257.82 crore, up 23.0% from ₹1,022.85 crore in H1 FY26. Total income rose 22.5% to ₹1,265.04 crore from ₹1,032.44 crore, while profit before tax increased 41.8% to ₹147.91 crore from ₹104.29 crore.
H1 FY27 net profit was ₹127.0 crore, up 40.2% from ₹90.61 crore in H1 FY26. Basic EPS rose 40.2% to ₹74.73 from ₹53.32.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 1,258 | 1,023 | +23.0% |
| Profit before tax | 147.91 | 104.29 | +41.8% |
| Net profit | 127 | 90.61 | +40.2% |
| EPS (₹) | 74.73 | 53.32 | +40.2% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹1,562.52 crore and total equity was ₹1,128.25 crore, compared with ₹1,406.05 crore and ₹1,035.61 crore at 31 March 2026. Borrowings stood at ₹35.00 crore against no borrowings at the previous balance sheet date, while cash fell to ₹86.27 crore from ₹168.1 crore. Inventories rose to ₹502.83 crore from ₹324.65 crore, trade receivables were ₹340.67 crore against ₹345.34 crore, and trade payables were ₹228.28 crore against ₹206.29 crore.
For H1 FY27, operating cash flow was negative ₹83.31 crore, compared with ₹106.44 crore in H1 FY26. Investing cash flow was negative ₹8.72 crore against negative ₹4.68 crore, financing cash flow was ₹9.71 crore against negative ₹56.88 crore, and capital expenditure was ₹10.39 crore compared with ₹29.95 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,563 | 1,406 |
| Total equity | 1,128 | 1,036 |
| Borrowings | 35 | 0 |
| Cash and equivalents | 86.27 | 168.10 |
| Inventories | 502.83 | 324.65 |
| Trade receivables | 340.67 | 345.34 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −83.31 | 106.44 |
| Cash from investing | −8.72 | −4.68 |
| Cash from financing | 9.71 | −56.88 |
| Capital expenditure | 10.39 | 29.95 |
Source: Company's results filing (XBRL).
How has Veedol Corporation done over the last 8 quarters?
Revenue rose in each of the last seven quarters on a year-on-year basis. It reached ₹649.25 crore in Q2 FY27, the highest level in the reported period, after ₹608.57 crore in Q1 FY27 and ₹606.98 crore in Q4 FY26; the lowest was ₹482.42 crore in Q3 FY25.
Profit for the period peaked at ₹77.92 crore in Q1 FY27 and fell to ₹49.08 crore in Q2 FY27; the lowest was ₹37.34 crore in Q3 FY25. The EBITDA margin also fell from 16.1% in Q1 FY27 to 9.3% in Q2 FY27, while profit rose year on year in each of the last two quarters.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, together with the related statements of assets and liabilities and cash flows. It also approved circulation of a postal ballot notice for shareholders’ approval of Rohit Ghanshyamdas Totla’s appointment as Managing Director.
The board noted Rajendra Nath Ghosal’s resignation as Managing Director with effect from the close of business hours on 19 November 2026. Totla was appointed as Additional Director and Managing Director for 5 years from 20 November 2026, subject to shareholder and other approvals, and Ghosal was redesignated President until the close of business hours on 31 March 2027.
Quick answers
What was Veedol Corporation's revenue in Q2 FY27?
Revenue from operations was ₹649.25 crore, up 27.5% from ₹509.23 crore in Q2 FY26 (consolidated).
Did Veedol Corporation make a profit in Q2 FY27?
Yes. Net profit was ₹49.08 crore, against a net profit of ₹40.94 crore in Q2 FY26.
What was Veedol Corporation's EPS in Q2 FY27?
Basic earnings per share were ₹28.88, against ₹24.09 in Q2 FY26.
When did Veedol Corporation announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of The Un-Audited Standalone And Consolidated Financial Results For The Second Quarter And Half Year Ended On 30Th September, 2026 And Proposal For Declaration Of Interim Dividend, If Any For The Financial Year 2026-27 (BSE, 27 October 2026) · PDF
- Board Meeting Outcome for Outcome Of 357Th Board Meeting (BSE, 5 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.