Tide Water Oil (India) Ltd. has achieved Rs.560 Cr. turnover for the half year ended 30.09.2015, with a Profit after Tax (PAT) of Rs.46 Cr. on a standalone basis. Last year profit included an exceptional item of Rs.107 Cr. on account of spin off of ENEOS business to the Japaneese Joint Venture. On comparable basis the standalone Profit before Tax (PBT) amounts to Rs.70.46 Cr. this year as against standalone Profit before Tax (PBT) Rs.46.62 Cr. last year.
The Management and the Board in their meeting on 2nd November, 2015 deliberated on the various options ways of rewarding share holders in view of excellent performance of the Company, and the Management was pleased to declare an interim dividend of Rs.150/- Per share as against last year interim dividend of Rs.100/-Per share.