Veritas (India) Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	33,665	40,990	38,545	21,632	21,315	18,763
Revenue	33,665	40,990	38,545	21,632	21,315	18,763
Revenue Growth (YoY)	-23.63%	6.34%	78.19%	1.49%	13.60%	-7.88%
Cost of Revenue	32,172	38,571	35,992	19,803	19,532	16,761
Gross Profit	1,492	2,420	2,554	1,829	1,783	2,002
Selling, General & Admin	205	213.52	162.7	98.92	63.46	75.06
Other Operating Expenses	241.33	296.28	339.42	230.7	155.13	300.3
Operating Expenses	852.96	903.19	926.65	673.01	537.37	692.51
Operating Income	639.34	1,517	1,627	1,156	1,246	1,310
Interest Expense	-22.17	-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)	-245.88	-109.38	-37.49	46.58	-9.68	33.88
EBT Excluding Unusual Items	357.12	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	351.35	1,139	1,879	955.22	1,058	1,109
Income Tax Expense	6.11	3.49	10.36	7.1	10.93	14.6
Net Income	345.25	1,136	1,869	948.13	1,047	1,094
Net Income to Common	345.25	1,136	1,869	948.13	1,047	1,094
Net Income Growth	-75.16%	-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)	-0.00%	-	-	-	-	-
EPS (Basic)	12.88	42.36	69.69	35.36	39.05	40.82
EPS (Diluted)	12.88	42.36	69.69	35.36	39.05	40.82
EPS Growth	-75.15%	-39.22%	97.09%	-9.45%	-4.34%	-10.50%
Free Cash Flow	-	246.4	242.05	785.01	1,186	1,338
Free Cash Flow Per Share	-	9.19	9.03	29.28	44.25	49.90
Dividend Per Share	-	0.050	0.050	0.050	0.050	0.050
Gross Margin	4.43%	5.90%	6.63%	8.46%	8.37%	10.67%
Operating Margin	1.90%	3.70%	4.22%	5.34%	5.84%	6.98%
Profit Margin	1.03%	2.77%	4.85%	4.38%	4.91%	5.83%
Free Cash Flow Margin	-	0.60%	0.63%	3.63%	5.56%	7.13%
EBITDA	968.11	1,841	1,946	1,466	1,532	1,595
EBITDA Margin	2.88%	4.49%	5.05%	6.78%	7.19%	8.50%
D&A For EBITDA	328.77	324.5	318.81	309.31	286.91	284.98
EBIT	639.34	1,517	1,627	1,156	1,246	1,310
EBIT Margin	1.90%	3.70%	4.22%	5.34%	5.84%	6.98%
Effective Tax Rate	1.74%	0.31%	0.55%	0.74%	1.03%	1.32%
Revenue as Reported	33,577	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.