Veritas (India) Limited (BOM: 512229)

Veritas (India) Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	41,148	38,545	21,632	21,315	18,763	20,368
Revenue	41,148	38,545	21,632	21,315	18,763	20,368
Revenue Growth (YoY)	81.59%	78.18%	1.49%	13.60%	-7.88%	8.59%
Cost of Revenue	38,290	35,992	19,803	19,532	16,761	18,673
Gross Profit	2,858	2,554	1,829	1,783	2,002	1,696
Selling, General & Admin	190.25	162.7	98.92	63.46	75.06	120.3
Other Operating Expenses	399.29	339.42	230.7	155.13	300.3	142
Operating Expenses	1,021	926.65	673.01	537.37	692.51	562.07
Operating Income	1,837	1,627	1,156	1,246	1,310	1,134
Interest Expense	-303.48	-263.69	-172.01	-190.99	-242.48	-345.61
Interest & Investment Income	-	0.01	0.14	0.03	0.02	0.25
Currency Exchange Gain (Loss)	-	-8.68	-73.49	4.48	8.27	-50.81
Other Non Operating Income (Expenses)	571.82	-37.49	46.58	-9.68	33.88	494.88
EBT Excluding Unusual Items	2,105	1,317	957.43	1,049	1,109	1,232
Impairment of Goodwill	-	-	-	-	-	-0.42
Gain (Loss) on Sale of Investments	-	9.21	-2.2	8.54	-0.25	-1.42
Gain (Loss) on Sale of Assets	-	-6.47	-	-	-	-6.2
Other Unusual Items	-	558.96	-	-	-	-
Pretax Income	2,105	1,879	955.22	1,058	1,109	1,224
Income Tax Expense	7.18	10.36	7.1	10.93	14.6	1.42
Net Income	2,098	1,869	948.13	1,047	1,094	1,223
Net Income to Common	2,098	1,869	948.13	1,047	1,094	1,223
Net Income Growth	103.61%	97.07%	-9.44%	-4.34%	-10.50%	180.97%
Shares Outstanding (Basic)	27	27	27	27	27	27
Shares Outstanding (Diluted)	27	27	27	27	27	27
Shares Change (YoY)	0.01%	0.07%	-	-	-	-
EPS (Basic)	78.24	69.69	35.36	39.05	40.82	45.61
EPS (Diluted)	78.24	69.69	35.36	39.05	40.82	45.61
EPS Growth	103.59%	97.09%	-9.45%	-4.34%	-10.50%	181.02%
Free Cash Flow	-	242.05	785.01	1,186	1,338	547.12
Free Cash Flow Per Share	-	9.02	29.28	44.25	49.90	20.41
Dividend Per Share	-	0.050	0.050	0.050	0.050	0.050
Gross Margin	6.95%	6.63%	8.46%	8.36%	10.67%	8.32%
Operating Margin	4.46%	4.22%	5.34%	5.84%	6.98%	5.57%
Profit Margin	5.10%	4.85%	4.38%	4.91%	5.83%	6.00%
Free Cash Flow Margin	-	0.63%	3.63%	5.57%	7.13%	2.69%
EBITDA	2,291	1,946	1,466	1,532	1,595	1,405
EBITDA Margin	5.57%	5.05%	6.77%	7.19%	8.50%	6.90%
D&A For EBITDA	454.43	318.81	309.31	286.91	284.98	271.1
EBIT	1,837	1,627	1,156	1,246	1,310	1,134
EBIT Margin	4.46%	4.22%	5.34%	5.84%	6.98%	5.57%
Effective Tax Rate	0.34%	0.55%	0.74%	1.03%	1.32%	0.12%
Revenue as Reported	41,720	39,114	21,680	21,319	18,805	20,866
Advertising Expenses	-	0.59	0.93	0.58	3.38	1.14

Source: S&P Capital IQ. Standard template. Financial Sources.