Veedol Corporation Ltd. has announced its Q2 FY25 financial results, reporting slight declines in both revenue and net profit year-on-year (YoY) and quarter-on-quarter (QoQ). The company’s net profit decreased by 2% YoY to ₹34.60 crore, compared to ₹35.24 crore in Q2 FY24, and declined by 7% QoQ from ₹37.11 crore in Q1 FY25.
Revenue from operations also saw a slight decline of 1% YoY, standing at ₹476.22 crore for Q2 FY25, compared to ₹478.87 crore in Q2 FY24. On a QoQ basis, revenue showed a minor decrease from ₹474.18 crore in the previous quarter.
Below is a summary table of the YoY and QoQ performance:
| Metric | Q2 FY25 | Q1 FY25 | Q2 FY24 | YoY Change | QoQ Change |
|---|---|---|---|---|---|
| Revenue (₹ crore) | 476.22 | 478.87 | 474.18 | -1% | -0.6% |
| Net Profit (₹ crore) | 34.60 | 37.11 | 35.24 | -2% | -7% |
For the half-year ending September 30, 2024, Veedol Corporation’s cumulative revenue was ₹955.09 crore, a slight increase from ₹947.92 crore in the same period last year. The half-year net profit stood at ₹71.71 crore, reflecting an 8% growth from ₹66.45 crore in H1 FY24.
The results highlight stable performance in revenue with some declines in quarterly profitability, showing resilience in the overall business environment.
