Veedol Corporation Limited [formerly Tide Water Oil Co. (India) Limited] announced its standalone and consolidated unaudited financial results for the quarter ended June 30, 2025. The quarter showed a modest decrease in total income and profit, compared both to the previous quarter and the corresponding quarter of the prior year.

For the quarter ended June 30, 2025, the standalone total income was Rs. 385.35 Crores, compared to Rs. 417.66 Crores in the previous quarter (March 2025) — a decrease of 7.7%. Year-on-year (YoY), it was down slightly from Rs. 398.23 Crores, a 3.2% decline. Standalone profit before tax was Rs. 19.7 Crores, down 58.5% QoQ from Rs. 47.4 Crores and a 41.6% decline YoY from Rs. 33.74 Crores. The consolidated total income for the quarter was Rs. 519.37 Crores, a 2.3% decrease from Rs. 535.46 Crores QoQ but an 6.4% increase YoY from Rs. 486.69 Crores. Consolidated profit before tax came in at Rs. 63.72 Crores, down 7.3% from Rs. 68.69 Crores QoQ but up 27.8% from Rs. 49.88 Crores YoY.

Veedol Corporation Limited is a leading Indian lubricant and oil company, formerly known as Tide Water Oil Co. It operates mainly in the lubricants sector with a focus on high-quality products for automotive and industrial customers. The company recently approved the appointment of new directors and senior management, reflecting its commitment to strengthening leadership. It also announced the sale of Chennai office space and continued internal auditor appointments to enhance governance.

In the latest quarter, Veedol’s consolidated revenue showed slight improvement year-on-year, while standalone profit declines reflect some operational pressures. The company’s business remains concentrated in lubricants, with steady franchise fees contributing to revenue. No major investor disclosures were noted in the announcement.