Veedol Corporation Reports Robust Q2 FY26 Results with Rs. 378.70 Crore Revenue

Veedol Corporation Limited , formerly known as Tide Water Oil Co. (India) Ltd., has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company demonstrated resilience in a challenging market environment, reporting a total income from operations of Rs. 378.70 crores for the quarter.

Financial Highlights

Revenue: The company's total income from operations stood at Rs. 378.70 crores for Q2 FY26.
Earnings Per Share (EPS): Basic and diluted earnings per share were reported at Rs. 25.11 for the quarter, showcasing strong profitability.
Equity Share Capital: The equity share capital remained stable at Rs. 8.34 crores.

Quarterly Performance Analysis

Comparing the current quarter's performance with previous periods reveals interesting trends:

Metric	Q2 FY26	Q1 FY26	% Change (QoQ)	Q2 FY25	% Change (YoY)
Revenue	378.70	385.40	-1.74%	378.10	0.16%
Net Profit	26.40	16.30	61.96%	19.50	35.38%
EPS	15.52	9.59	61.84%	11.47	35.31%

The company has shown significant improvement in profitability, with net profit and EPS growing by over 60% quarter-on-quarter and more than 35% year-on-year, despite a slight dip in revenue.

Half-Yearly Performance

For the half-year ended September 30, 2025, Veedol Corporation's financial metrics indicate a solid performance:

Total Income: Rs. 898.90 crores
Net Profit: Rs. 67.30 crores
EPS: Rs. 39.61

Operational Efficiency

The company's operational performance shows mixed results:

Operating Profit Margin (OPM): Decreased to 2.93% in Q2 FY26 from 3.56% in Q1 FY26.
Other Income: Significantly increased to Rs. 27.20 crores in Q2 FY26, up 115.87% from Q1 FY26.

Market Disclosure and Compliance

Veedol Corporation Limited has disclosed these results through newspaper advertisements in The Telegraph and Aajkaal, and filed them with the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Dividend Announcement

The company has declared an interim dividend of Rs. 22 per equity share for the financial year 2025-26. The record date for dividend payment is set as November 14, 2025.

Looking Ahead

While Veedol Corporation has shown strong profit growth, the slight decline in revenue and operating profit margin suggests challenges in the operating environment. The significant increase in other income has played a crucial role in boosting the overall profitability.

Note: All financial figures are in Indian Rupees (INR) and are based on the unaudited financial results provided by the company.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.57%	-2.82%	-4.72%	+1.64%	-3.11%	-17.17%

Veedol Corporation Limited (formerly Tide Water Oil Co. (India) Ltd.) has announced an interim dividend of Rs. 22 per equity share. The company's Board of Directors made this decision during their meeting on November 10, 2025.

Key Details of the Dividend Declaration

Dividend Amount: Rs. 22 per equity share (face value Rs. 2 each)
Record Date: November 14, 2025
Payment Timeline: Within 30 days of declaration

Tax Implications for Shareholders

The company has provided detailed guidelines on tax deduction at source (TDS) applicable to different categories of shareholders:

Shareholder Category	TDS Rate	Conditions
Resident (Individual)	Nil	If aggregate dividend doesn't exceed Rs. 10,000 annually
Resident (with valid PAN)	10%	For dividend exceeding Rs. 10,000 annually
Non-resident	20%	Plus applicable surcharge and cess

Non-resident shareholders may be eligible for beneficial rates under Double Tax Avoidance Agreements (DTAA) with proper documentation.

Important Dates and Procedures

Document Submission Deadline: November 14, 2025
Dividend Payment Method: Electronic transfer to shareholders' bank accounts
Tax Exemption Forms: Various forms (15G/15H/10F) must be submitted by the deadline for claiming lower or nil TDS rates

Veedol Corporation has emphasized that shareholders should submit fresh documents for the financial year 2025-26, even if similar documents were submitted earlier. This ensures proper record maintenance and accurate identification of eligible shareholders for tax exemptions or prescribed rates.

The company also noted that in case of higher tax deduction due to non-receipt or insufficiency of required documents, shareholders have the option to file income tax returns and claim appropriate refunds if eligible.

Veedol Corporation Limited has advised shareholders to consult with their tax advisors for provisions applicable to their particular circumstances. The company will be obligated to deduct tax at source based on the records made available by the depositories for shares held in electronic mode and from the Registrar and Transfer Agent for shares held in physical mode.

This dividend declaration demonstrates Veedol Corporation's commitment to delivering value to its shareholders, while also ensuring compliance with tax regulations.