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	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	40,895	38,545	21,632	21,315	18,763	20,368
Other Revenue	130.47	-	-	-	-	-
Revenue	41,025	38,545	21,632	21,315	18,763	20,368
Revenue Growth (YoY)	53.81%	78.18%	1.49%	13.60%	-7.88%	8.59%
Cost of Revenue	38,144	35,992	19,803	19,532	16,761	18,673
Gross Profit	2,881	2,554	1,829	1,783	2,002	1,696
Selling, General & Admin	209.5	162.7	98.92	63.46	75.06	120.3
Other Operating Expenses	354.73	339.42	230.7	155.13	300.3	142
Operating Expenses	1,007	926.65	673.01	537.37	692.51	562.07
Operating Income	1,874	1,627	1,156	1,246	1,310	1,134
Interest Expense	-263.69	-263.69	-172.01	-190.99	-242.48	-345.61
Interest & Investment Income	0.01	0.01	0.14	0.03	0.02	0.25
Currency Exchange Gain (Loss)	-8.68	-8.68	-73.49	4.48	8.27	-50.81
Other Non Operating Income (Expenses)	-107	-37.49	46.58	-9.68	33.88	494.88
EBT Excluding Unusual Items	1,495	1,317	957.43	1,049	1,109	1,232
Impairment of Goodwill	-	-	-	-	-	-0.42
Gain (Loss) on Sale of Investments	9.21	9.21	-2.2	8.54	-0.25	-1.42
Gain (Loss) on Sale of Assets	-6.47	-6.47	-	-	-	-6.2
Other Unusual Items	558.96	558.96	-	-	-	-
Pretax Income	2,056	1,879	955.22	1,058	1,109	1,224
Income Tax Expense	7.92	10.36	7.1	10.93	14.6	1.42
Net Income	2,048	1,869	948.13	1,047	1,094	1,223
Net Income to Common	2,048	1,869	948.13	1,047	1,094	1,223
Net Income Growth	69.50%	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)	0.08%	0.07%	-	-	-	-
EPS (Basic)	76.39	69.69	35.36	39.05	40.82	45.61
EPS (Diluted)	76.38	69.69	35.36	39.05	40.82	45.61
EPS Growth	69.48%	97.09%	-9.45%	-4.34%	-10.50%	181.02%
Free Cash Flow	578.8	242.05	785.01	1,186	1,338	547.12
Free Cash Flow Per Share	21.57	9.02	29.28	44.25	49.90	20.41
Dividend Per Share	0.050	0.050	0.050	0.050	0.050	0.050
Gross Margin	7.02%	6.63%	8.46%	8.36%	10.67%	8.32%
Operating Margin	4.57%	4.22%	5.34%	5.84%	6.98%	5.57%
Profit Margin	4.99%	4.85%	4.38%	4.91%	5.83%	6.00%
Free Cash Flow Margin	1.41%	0.63%	3.63%	5.57%	7.13%	2.69%
EBITDA	2,211	1,946	1,466	1,532	1,595	1,405
EBITDA Margin	5.39%	5.05%	6.77%	7.19%	8.50%	6.90%
D&A For EBITDA	337.22	318.81	309.31	286.91	284.98	271.1
EBIT	1,874	1,627	1,156	1,246	1,310	1,134
EBIT Margin	4.57%	4.22%	5.34%	5.84%	6.98%	5.57%
Effective Tax Rate	0.39%	0.55%	0.74%	1.03%	1.32%	0.12%
Revenue as Reported	41,594	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.