Veedol Corporation Limited AGM summary

AGM of 24 Aug 2026, summarised by AI from the filing.

Veedol FY26 standalone revenue ₹1,546.96 cr and PAT ₹135.16 cr; raw material prices more than doubled since February, no capex needed at 70% utilisation.

Key takeaways

1. Guidance No forward guidance given; management said it will negotiate the volatile oil phase carefully and revisit capacity thinking later.
2. Raw material Lube industry raw material prices more than doubled since end of February this year.
3. Premiumisation Premium and professional product push compromised margin to gain share; corrections made now, improvement expected in coming years.
4. EV risk EV share of the existing vehicle park is not growing even 1%, but long-term conversion could reduce conventional lubricant demand.

Original filing on BSE

Veedol Corporation Limited Q1 FY27 results

As filed: Revenue ₹609 cr (+18% year on year), EBITDA ₹98.1 cr (+66% year on year), PAT ₹77.9 cr (+56% year on year), EBITDA margin 16.1% (+465 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹607 cr (+14% year on year), EBITDA ₹62.5 cr (−7% year on year), PAT ₹57.5 cr (−4% year on year), EBITDA margin 10.3% (−229 bps). Score 31 of 100, Below trend. EBITDA margin fell 229 bps year on year. Tax rate 11%. Not enough history for a trend yet: scored on growth alone. Share price after the results: +3.3% in 30 days (Nifty 500: +2.5%).
• Q3 FY26: Revenue ₹538 cr (+12% year on year), EBITDA ₹51.6 cr (+36% year on year), PAT ₹43.6 cr (+18% year on year), EBITDA margin 9.6% (+171 bps). Score 65 of 100, Above trend. EBITDA margin rose 171 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −7.6% in 30 days (Nifty 500: −1.9%).
• Q2 FY26: Revenue ₹509 cr (+7% year on year), EBITDA ₹53.0 cr (+15% year on year), PAT ₹41.0 cr (+17% year on year), EBITDA margin 10.4% (+75 bps). Score 53 of 100, In line with trend. EBITDA margin rose 75 bps year on year. Not enough history for a trend yet: scored on growth alone. Profit fell 18% from last quarter. Share price after the results: −7.2% in 30 days (Nifty 500: −0.8%).
• Q1 FY26: Revenue ₹514 cr, EBITDA ₹59.0 cr, PAT ₹50.0 cr, EBITDA margin 11.5%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹514 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: +9.2% in 30 days (Nifty 500: +2.2%).
• Q4 FY25: Revenue ₹532 cr, EBITDA ₹67.0 cr, PAT ₹60.0 cr, EBITDA margin 12.6%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹532 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: 0.0% in 30 days (Nifty 500: +3.7%).
• Q3 FY25: Revenue ₹386 cr, EBITDA ₹19.0 cr, PAT ₹34.0 cr, EBITDA margin 4.9%. Not scored. No result for the same quarter last year.
• Q2 FY25: Revenue ₹476 cr, EBITDA ₹46.0 cr, PAT ₹35.0 cr, EBITDA margin 9.7%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹476 cr). Scored once a year-earlier consolidated quarter exists.

Past price moves after results do not indicate future moves. Not a recommendation.

Veedol Corporation Limited earnings call, investor presentation and press release summaries

• Other events: AGM (24 Aug 2026)