Veritas (India) Limited (BOM:512229)

Veritas (India) Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	40,211	40,990	38,545	21,632	21,315	18,763
Revenue	40,211	40,990	38,545	21,632	21,315	18,763
Revenue Growth (YoY)	-1.67%	6.34%	78.19%	1.49%	13.60%	-7.88%
Cost of Revenue	38,446	38,571	35,992	19,803	19,532	16,761
Gross Profit	1,765	2,420	2,554	1,829	1,783	2,002
Selling, General & Admin	204.23	213.52	162.7	98.92	63.46	75.06
Other Operating Expenses	260.14	296.28	339.42	230.7	155.13	300.3
Operating Expenses	865.31	903.19	926.65	673.01	537.37	692.51
Operating Income	899.5	1,517	1,627	1,156	1,246	1,310
Interest Expense	-121.43	-248.27	-263.69	-172.01	-190.99	-242.48
Interest & Investment Income	0.01	0.01	0.01	0.14	0.03	0.02
Currency Exchange Gain (Loss)	-14.18	-14.18	-8.68	-73.49	4.48	8.27
Other Non Operating Income (Expenses)	-220.36	-109.38	-37.49	46.58	-9.68	33.88
EBT Excluding Unusual Items	543.53	1,145	1,317	957.43	1,049	1,109
Gain (Loss) on Sale of Investments	-5.77	-5.77	9.21	-2.2	8.54	-0.25
Gain (Loss) on Sale of Assets	-	-	-6.47	-	-	-
Other Unusual Items	-	-	558.96	-	-	-
Pretax Income	537.77	1,139	1,879	955.22	1,058	1,109
Income Tax Expense	2.04	3.49	10.36	7.1	10.93	14.6
Net Income	535.72	1,136	1,869	948.13	1,047	1,094
Net Income to Common	535.72	1,136	1,869	948.13	1,047	1,094
Net Income Growth	-73.85%	-39.23%	97.07%	-9.44%	-4.34%	-10.50%
Shares Outstanding (Basic)	27	27	27	27	27	27
Shares Outstanding (Diluted)	27	27	27	27	27	27
Shares Change (YoY)	-0.02%	-	-	-	-	-
EPS (Basic)	19.98	42.36	69.69	35.36	39.05	40.82
EPS (Diluted)	19.98	42.36	69.69	35.36	39.05	40.82
EPS Growth	-73.84%	-39.22%	97.09%	-9.45%	-4.34%	-10.50%
Free Cash Flow	-1,720	246.4	242.05	785.01	1,186	1,338
Free Cash Flow Per Share	-64.17	9.19	9.03	29.28	44.25	49.90
Dividend Per Share	0.050	0.050	0.050	0.050	0.050	0.050
Gross Margin	4.39%	5.90%	6.63%	8.46%	8.37%	10.67%
Operating Margin	2.24%	3.70%	4.22%	5.34%	5.84%	6.98%
Profit Margin	1.33%	2.77%	4.85%	4.38%	4.91%	5.83%
Free Cash Flow Margin	-4.28%	0.60%	0.63%	3.63%	5.56%	7.13%
EBITDA	1,232	1,841	1,946	1,466	1,532	1,595
EBITDA Margin	3.06%	4.49%	5.05%	6.78%	7.19%	8.50%
D&A For EBITDA	332.04	324.5	318.81	309.31	286.91	284.98
EBIT	899.5	1,517	1,627	1,156	1,246	1,310
EBIT Margin	2.24%	3.70%	4.22%	5.34%	5.84%	6.98%
Effective Tax Rate	0.38%	0.31%	0.55%	0.74%	1.03%	1.32%
Revenue as Reported	40,149	41,039	39,114	21,680	21,319	18,805
Advertising Expenses	-	2.44	0.59	0.93	0.58	3.38

Source: S&P Global Market Intelligence. Standard template. Financial Sources.