{"id":179335,"date":"2026-02-03T07:24:44","date_gmt":"2026-02-03T12:24:44","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=179335"},"modified":"2026-02-03T07:24:47","modified_gmt":"2026-02-03T12:24:47","slug":"veedol-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/veedol-q3-fy26-earnings-results\/","title":{"rendered":"Veedol Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Veedol (Tide Water Oil Co. Ltd.) is a leading manufacturer and marketer of lubricants in over 65 countries around the globe. In India, it has been catering to both automotive and industrial segments since 1928 under the brand \u201cVeedol&#8221;.<\/p>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations:<\/strong> Consolidated \u20b9537.73 cr, +11.47% YoY; Standalone \u20b9395.02 cr, +2.43% YoY (vs Q3 FY25). <\/li>\n\n\n\n<li><strong>EBITDA:<\/strong> Standalone \u20b952.50 cr (+38.2% YoY), <strong>EBITDA margin 9.76%<\/strong> vs 7.88% prior year; consolidated EBITDA margin 9.8% (derived).<\/li>\n\n\n\n<li><strong>PAT:<\/strong> Consolidated \u20b943.55 cr, +16.63% YoY; Standalone \u20b943.64 cr, +29.8% YoY. <\/li>\n\n\n\n<li><strong>EPS:<\/strong> Standalone \u20b925.68, Consolidated \u20b925.63 (both up 30% YoY). <\/li>\n\n\n\n<li><strong>9M YTD:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Standalone Revenue from Operations \u20b91,119.30 cr (flat YoY Shrink),<\/li>\n\n\n\n<li>9M Standalone PAT \u20b986.32 cr vs \u20b979.90 cr prior YTD,<\/li>\n\n\n\n<li>Consolidated 9M Revenue \u20b91,560.58 cr vs \u20b91,437.51 cr; 9M PAT \u20b9134.16 cr vs \u20b9109.05 cr last year.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management highlighted <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/09279bb4-725a-4d60-b1bc-7f093120e601.pdf\" target=\"_blank\" rel=\"noopener\">robust growth in revenues<\/a> and profitability, especially margin improvement driven by operating leverage and tighter cost management compared with Q3 FY25.<\/li>\n\n\n\n<li><strong>Dividend policy:<\/strong> Board declared a second interim dividend of \u20b914 per share (700%) for FY26; record date Feb 6, 2026. <\/li>\n\n\n\n<li><strong>Corporate governance &amp; appointments:<\/strong> Appointed Kulbhushan Malhotra as Non-Executive, Non-Independent Director; appointed new auditors for UK subsidiary demonstrating governance strengthening across geographies. <\/li>\n\n\n\n<li>Management continues to monitor labour code implications and regulatory developments that could impact operating costs and compliance. <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-33-839x1024.png\" alt=\"\" class=\"wp-image-179336\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-33-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-33-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-33-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-33-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-33.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations:<\/strong> \u20b9509.23 cr, +6.93% YoY; slight sequential dip QoQ. <\/li>\n\n\n\n<li><strong>EBITDA &amp; Margins:<\/strong> Operating Margin (ex OI) 10.42%, down 102 bps QoQ; PAT Margin 8.04%. <\/li>\n\n\n\n<li><strong>PAT:<\/strong> \u20b940.94 cr, +18.32% YoY; Profit before tax \u20b955.25 cr, +19.9% YoY. <\/li>\n\n\n\n<li><strong>EPS:<\/strong> \u20b924.09 (23.9% higher than Q2 FY25).<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management noted modest YoY revenue growth (7%) but highlighted margin compression, with operating &amp; PAT margins falling QoQ due to pressure on lubricant pricing and raw material costs.<\/li>\n\n\n\n<li>The company maintained revenue stability above \u20b9500 cr, reflecting consistent demand, and H1 FY26 PAT grew 26% YoY, indicating underlying growth. <\/li>\n\n\n\n<li><strong>Dividend action:<\/strong> First interim dividend of \u20b922 per share declared in Q2, rewarding shareholders ahead of Q3. <\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Veedol (Tide Water Oil Co. Ltd.) is a leading manufacturer and marketer of lubricants in over 65 countries around the globe. In India, it has been catering to both automotive and industrial segments since 1928 under the brand \u201cVeedol&#8221;. Q3 FY26 Earnings Results Management Commentary &amp; Strategic Decisions Q2 FY26 Earnings Results Management Commentary Q2 [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5753],"tags":[11628],"class_list":["post-179335","post","type-post","status-publish","format-standard","hentry","category-infographics","category-industrials","tag-lubricants"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178535,"url":"https:\/\/alphastreet.com\/india\/pricol-q3-fy26-earnings-results\/","url_meta":{"origin":179335,"position":0},"title":"Pricol Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Pricol Limited is engaged in the business of manufacturing and selling of instrument clusters and other allied automobile components to OEMs and replacement markets. The business was started in 1974 and is headquartered in Coimbatore, Tamil Nadu. Q3 FY26 Earnings Results Revenue from Operations: Consolidated \u20b91,020 cr, +65.7% YoY vs\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-129.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-129.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-129.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-129.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-129.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-129.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179000,"url":"https:\/\/alphastreet.com\/india\/tata-chemicals-q3-fy26-earnings-results\/","url_meta":{"origin":179335,"position":1},"title":"Tata Chemicals Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 2, 2026","format":false,"excerpt":"Incorporated in 1939, Tata Chemicals Ltd manufactures and exports basic chemistry and specialty products. Q3 FY26 Earnings Results Revenue from Operations: Consolidated \u20b93,550 cr, \u22121.1% YoY vs \u20b93,590 cr, \u22123% QoQ vs \u20b93,719 cr; subdued pricing, lower volumes in international soda ash, UK reconfiguration impact. 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