Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Veritas (India)
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 572 | 659 | 495 | 941 | 1,324 | 1,095 | 756 | 916 | 1,642 | 786 | 587 | 1,006 | 988 |
| Expenses + | 533 | 618 | 453 | 884 | 1,269 | 1,044 | 691 | 867 | 1,592 | 759 | 551 | 991 | 963 |
| Operating Profit | 39 | 41 | 42 | 57 | 55 | 51 | 64 | 48 | 50 | 26 | 36 | 16 | 25 |
| OPM % | 7% | 6% | 8% | 6% | 4% | 5% | 9% | 5% | 3% | 3% | 6% | 2% | 3% |
| Other Income + | 1 | 0 | 0 | 0 | 56 | 0 | 1 | 13 | 3 | -12 | 3 | -0 | 1 |
| Interest | 6 | 4 | 8 | 6 | 6 | 11 | 8 | 14 | 13 | 6 | 5 | 4 | 3 |
| Depreciation | 9 | 9 | 9 | 9 | 9 | 16 | 9 | 10 | 10 | 10 | 10 | 10 | 11 |
| Profit before tax | 25 | 29 | 25 | 42 | 96 | 24 | 48 | 37 | 30 | -1 | 24 | 1 | 12 |
| Tax % | 1% | 0% | 0% | 1% | 1% | 1% | -0% | 1% | 1% | -9% | -0% | 0% | 7% |
| Net Profit + | 25 | 29 | 25 | 42 | 96 | 24 | 48 | 37 | 30 | -1 | 24 | 1 | 11 |
| EPS in Rs | 9.33 | 10.84 | 9.38 | 15.52 | 35.73 | 9.06 | 17.93 | 13.67 | 11.16 | -0.41 | 9.01 | 0.22 | 4.06 |
Financials of Veritas (India)
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,202 | 1,503 | 1,456 | 1,648 | 1,679 | 1,876 | 2,037 | 1,876 | 2,131 | 2,163 | 3,855 | 4,099 | 3,366 |
| Expenses + | 1,166 | 1,446 | 1,388 | 1,567 | 1,601 | 1,765 | 1,899 | 1,714 | 1,975 | 2,021 | 3,651 | 3,910 | 3,264 |
| Operating Profit | 36 | 57 | 68 | 82 | 78 | 110 | 138 | 163 | 157 | 142 | 204 | 189 | 103 |
| OPM % | 3% | 4% | 5% | 5% | 5% | 6% | 7% | 9% | 7% | 7% | 5% | 5% | 3% |
| Other Income + | 3 | 0 | -0 | 2 | 1 | 12 | 49 | 4 | 0 | 5 | 58 | 5 | -9 |
| Interest | 6 | 6 | 6 | 9 | 7 | 51 | 35 | 24 | 19 | 17 | 31 | 41 | 18 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 25 | 30 | 32 | 32 | 34 | 43 | 39 | 41 |
| Profit before tax | 33 | 50 | 61 | 73 | 71 | 46 | 122 | 111 | 106 | 96 | 188 | 114 | 35 |
| Tax % | 5% | 4% | 2% | 2% | 5% | 6% | 0% | 1% | 1% | 1% | 1% | 0% | |
| Net Profit + | 31 | 48 | 60 | 71 | 68 | 44 | 122 | 109 | 105 | 95 | 187 | 114 | 35 |
| EPS in Rs | 12.83 | 19.85 | 22.47 | 26.67 | 25.27 | 16.23 | 45.61 | 40.82 | 39.05 | 35.36 | 69.69 | 42.36 | 12.88 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Veritas (India)
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 189 | 1,021 | 1,113 | 1,177 | 1,244 | 1,694 | 1,886 | 1,971 | 2,108 | 2,301 | 2,507 | 2,663 | 2,751 |
| Borrowings + | 140 | 209 | 409 | 644 | 969 | 495 | 487 | 389 | 268 | 232 | 327 | 272 | 254 |
| Other Liabilities + | 96 | 193 | 270 | 383 | 720 | 786 | 919 | 923 | 1,623 | 1,586 | 1,346 | 898 | 1,309 |
| Total Liabilities | 427 | 1,426 | 1,794 | 2,207 | 2,936 | 2,978 | 3,295 | 3,286 | 4,001 | 4,121 | 4,183 | 3,836 | 4,317 |
| Fixed Assets + | 21 | 856 | 857 | 858 | 858 | 1,896 | 2,038 | 1,982 | 1,984 | 2,053 | 2,052 | 2,033 | 2,056 |
| CWIP | 0 | 84 | 386 | 730 | 1,316 | 331 | 334 | 339 | 342 | 344 | 349 | 349 | 349 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 10 | 2 | 1 |
| Other Assets + | 405 | 485 | 550 | 618 | 761 | 751 | 922 | 964 | 1,674 | 1,715 | 1,772 | 1,453 | 1,910 |
| Total Assets | 427 | 1,426 | 1,794 | 2,207 | 2,936 | 2,978 | 3,295 | 3,286 | 4,001 | 4,121 | 4,183 | 3,836 | 4,317 |
Financials of Veritas (India)
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -13 | -25 | 156 | 80 | 279 | 225 | 145 | 144 | 121 | 81 | 56 | 29 |
| Cash from Investing Activity + | -5 | -85 | -303 | -346 | -587 | -77 | -71 | -10 | 27 | -3 | -32 | 19 |
| Cash from Financing Activity + | 17 | 113 | 219 | 228 | 317 | -133 | -87 | -130 | -148 | -76 | -13 | -27 |
| Net Cash Flow | -1 | 3 | 72 | -38 | 9 | 15 | -12 | 4 | -0 | 1 | 11 | 21 |
| Free Cash Flow | -27 | -25 | -147 | -266 | -309 | 148 | 57 | 134 | 119 | 84 | 25 | 41 |
| CFO/OP | -31% | -42% | 233% | 101% | 359% | 208% | 107% | 89% | 78% | 58% | 28% | 16% |
Financials of Veritas (India)
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 117 | 84 | 105 | 113 | 145 | 105 | 155 | 178 | 269 | 278 | 157 | 114 |
| Inventory Days | 1 | 6 | 0 | 8 | 3 | 25 | 0 | 0 | 15 | 8 | 4 | 4 |
| Days Payable | 29 | 46 | 27 | 31 | 58 | 84 | 103 | 70 | 197 | 156 | 15 | 66 |
| Cash Conversion Cycle | 89 | 44 | 78 | 90 | 90 | 46 | 52 | 108 | 88 | 130 | 146 | 53 |
| Working Capital Days | 49 | 35 | 52 | 61 | -26 | 17 | 39 | 82 | 70 | 100 | 123 | 42 |
| ROCE % | 13% | 7% | 5% | 5% | 4% | 4% | 7% | 6% | 5% | 5% | 8% | 5% |
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