'Tide Water Oil has been one of the leading players in the Indian lubricant industry since 1928. It manufactures and markets Veedol brand of lubricants.
Quarterly results
For the quarter ended December 2018, sales rose 5% to Rs 308.35 crore. OPM fell 300 basis points to 8.4% which saw OP fall 22% to Rs 25.82 crore.
Other income fell 10% to Rs 7.73 crore and interest cost was up 13% to Rs 34 lakh. As deprecation grew 9% to Rs 2.12 crore, PBT went down 21% to Rs 31.09 crore.
Provision for taxation went up 4% to Rs 10.95 crore after which PAT fell 31% to Rs 20.14 crore.
Nine month results
For the nine months, sales rose 14% to Rs 881.95 crore. OPM fell 90 basis points to 9.9% which saw OP rise 4% to Rs 87.51 crore.
Other income fell 2% to Rs 23.52 crore and interest cost was down 1% to Rs 1.02 crore. As deprecation grew 7% to Rs 6.12 crore, PBT went up 3% to Rs 103.89 crore.
Provision for taxation went up 10...
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