Kolkata-headquartered Tide Water Oil (Co) Ltd, reported a 5 per cent dip in net profit to ₹18 crore for the period ending June 2014. The company had reported a net profit of approximately ₹19 crore in the corresponding period last year.
However, net income for the quarter saw a 10 per cent increase to ₹245 crore, as against the ₹221 crore it reported in the year ago period.