Veedol Corporation Ltd (NSE: VEEDOL): Lubricant firm Veedol Corporation is going to distribute dividends to its shareholders.
The company has announced the first dividend in the interim form of 20 rupees for each share of the fiscal year 2024-25.
The record date is coming up. The share price of the company saw an increase of 0.19 percent on Friday last week and it was trading at Rs 1754.65 at BSE.
The market capitalization of the business has grown to Rs 3057.30 crore. The 52-week peak of the stock is at Rs 2800 while the 52-week lowest is Rs 1242.60.
When Is The Record Date Of The Veedol Corporation?
Veedol Corporation has set the 22nd of November 2024, as the official date for the inaugural interim dividend distribution.
The dividend is due within 30 days of the date of announcement (Tuesday 10th December, 2024).
The total dividend payout for the company for the year has been set at the equivalent of Rs 52 for each share.
A dividend is an incentive the company gives to its shareholders based on their profits.
Q2FY25 Results Of Veedol Corporation
Veedol Corporation Limited has reported that it earned Rs 364.48 crore in the September quarter in contrast to Rs 378.24 crore in Q1 FY25.
Net profit for this quarter was Rs 19.50 crore in Q2FY25 however, it was Rs 26.78 crore in Q1FY25.
How Has The Performance Of The Shares?
The stock of Veedol Corporation has dropped by approximately 10 percent in the past six months. However, the company has increased by 24 percent to date this year.
Over the past year, investors received a profit that was 36 percent. However, over the last five years, it’s earned an 83 percent profit.
Quick Fact
Company Name: Veedol Corporation
| Company name | Veedol Corporation |
|---|---|
| Dividend amount | ₹20/share interim dividend |
| Record date | 22nd November 2024 |
| Dividend distribution | Within 30 days (10th Dec 2024) |
| Total dividend (FY25) | ₹52/share |
| Q2FY25 revenue | ₹364.48 crore |
| Q1FY25 revenue | ₹378.24 crore |
| Q2FY25 profit | ₹19.50 crore |
| Q1FY25 profit | ₹26.78 crore |
| 6-month share drop | ~10% |
| Year-to-date growth | 24% |
| 1-year profit | 36% |
| 5-year profit | 83% |
| Market cap | ₹3057.30 crore |
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