Results - Announcements
Veedol Corporation Ltd share price gained 0.64% to Rs 1426.75 after the company's net profit tanked by 37.01% to Rs 49.08 crore, while revenue from operations improved marginally 6.68% to Rs 649.25 crore in Q3FY26 over Q2FY26.
The market capitalization of Lubricants industry group stocks on BSE stood at Rs 38431.09 crore, gaining 7.87%. It has improved by 3.33% over last one week and dipped slightly by 3.14% in last one month while the market capitalization of Veedol Corporation Ltd has marginally improved by 7.07% and 4.70% in the same period respectively.
Profit before tax (PBT) of Veedol Corporation Ltd stood at Rs 63.35 crore in Q3 FY26, climbing 14.66% year-on-year, and plunging by 37.76% quarter-on-quarter. EBITDA came in at Rs 57 crore, rallying 15.30% YoY and crashing by 39.76% sequentially.
Total expenses went up by 15.25% to Rs 597.54 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 418.2 crore, witnessing a sharp rise of 24.98% YoY, while employee benefits expense was at Rs 40.36 crore, seeing a marginal contraction of 6.49% YoY.
For the TTM ended FY26, revenue from operations posted a slight growth of 9.96% to Rs 2168.54 crore, while net profit rose by 13.55% to Rs 191.62 crore, compared to previous TTM. EBITDA soared by 18396% to Rs 209.26 crore, and PBT rose 18.26% to Rs 238.43 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 193.79 crore in FY26, as against Rs 29.72 crore in FY25.
Veedol Corporation Ltd nosedived by 17.72% in last one year, underperforming the benchmark BSE Sensex which has slipped by 4.80% during the same period.