Veritas (India) quarterly results and financials

Veritas (India) (BSE 512229)₹135.05+2.04%(9 Nov 2026 close)Trading - Chemicals

Key facts

In the Sep 2026 quarter (consolidated), Veritas (India) reported sales of ₹714 Cr, down 29.3% from Sep 2025, and net profit of −₹5.46 Cr, down 1,025.4% year on year. For the year to Mar 2026, sales were ₹3,119 Cr and net profit ₹19.93 Cr.

Sales (Sep 2026): ₹714 Cr
Net profit (Sep 2026): −₹5.46 Cr
Sales (FY Mar 2026): ₹3,119 Cr
Net profit (FY Mar 2026): ₹19.93 Cr
EPS (Sep 2026): ₹−2.03
Borrowings (Mar 2026): ₹437 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Veritas (India) quarterly results

₹ crore unless stated; each column is a quarter.

Veritas (India) Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	1,328	1,098	757	917	1,646	787	588	1,010	991	533	900	714
Expenses	1,271	1,045	691	869	1,595	761	551	991	964	523	878	707
Operating Profit	55.33	50.81	64.53	48.32	50.50	24.89	36.01	15.69	24.91	9.13	20.15	6.87
OPM %	4.2%	4.6%	8.5%	5.3%	3.1%	3.2%	6.1%	1.6%	2.5%	1.7%	2.3%	1.0%
Other Income	56.27	0.36	0.55	13.06	3.13	−10.70	2.79	−0.34	0.58	−0.29	0.54	−0.07
Interest	5.84	10.57	7.58	14.04	13.14	5.40	4.56	4.38	3.22	14.97	5.96	0.95
Depreciation	8.94	15.85	9.41	10.07	9.92	9.91	9.94	10.28	10.49	10.49	11.01	11.22
Profit before tax	96.24	24.48	47.83	36.96	30.28	−1.20	24.09	0.59	11.64	−16.70	3.60	−5.41
Tax %	0.5%	0.7%	−0.5%	0.9%	1.2%	−9.1%	−0.2%	0.0%	6.5%	−4.7%	−1.4%	0.9%
Net Profit	95.48	24.21	47.93	36.54	29.82	−1.09	24.06	0.59	10.84	−15.87	3.65	−5.46
EPS (Rs)	35.71	9.05	17.90	13.66	11.14	−0.40	9.00	0.21	4.05	−5.93	1.36	−2.03

Veritas (India) profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Veritas (India) Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,459	1,654	1,684	1,881	2,042	1,880	2,136	2,170	3,866	4,109	3,119	3,138
Expenses	1,390	1,568	1,603	1,767	1,901	1,716	1,977	2,024	3,653	3,917	3,031	3,073
Operating Profit	68.25	82.29	78.30	111	139	164	158	143	205	189	85.36	61.06
OPM %	4.7%	5.0%	4.7%	6.0%	7.0%	9.0%	7.0%	7.0%	5.0%	4.6%	2.7%	2.0%
Other Income	0.00	2.01	1.01	12.04	49.15	4.01	0.00	5.02	58.18	6.02	3.01	0.76
Interest	5.99	8.98	6.99	50.95	34.97	23.95	18.98	16.99	30.97	39.97	26.95	25.10
Depreciation	0.99	0.99	0.99	24.93	29.95	31.92	31.93	33.90	42.89	38.89	40.90	43.21
Profit before tax	60.98	72.96	70.90	45.96	122	111	106	95.91	188	114	19.99	−6.87
Tax %	2.0%	2.0%	5.0%	6.0%	0.0%	1.0%	1.0%	1.0%	1.0%	0.0%	0.0%	—
Exceptional items	0.00	0.00	0.00	−0.99	−0.99	0.00	0.00	0.00	0.00	0.00	0.00	—
Net Profit	59.75	70.70	67.81	43.82	122	109	105	94.65	186	114	19.93	−6.84
EPS (Rs)	22.46	26.63	25.23	16.22	45.54	40.81	39.01	35.33	69.61	42.29	7.34	−2.55
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.0%	—

Veritas (India) balance sheet

₹ crore, at each year end.

Veritas (India) Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1.99	2.99	2.99	2.99	2.99	2.99	2.99	2.99	2.99	2.99	2.99	2.99
Reserves	1,022	1,113	1,177	1,245	1,696	1,887	1,973	2,108	2,302	2,510	2,664	2,862
Borrowings	209	409	643	967	494	486	388	267	231	326	198	437
Other Liabilities	193	271	382	719	785	920	923	1,626	1,589	1,349	974	1,417
Total Liabilities	1,426	1,795	2,206	2,934	2,979	3,296	3,287	4,004	4,125	4,188	3,839	4,719
Fixed Assets	856	857	857	858	1,896	2,038	1,982	1,983	2,053	2,053	2,032	2,113
CWIP	83.78	385	728	1,312	330	333	338	341	343	348	348	348
Investments	1.01	1.01	1.01	1.01	1.01	1.01	1.01	1.01	9.03	10.04	2.01	1.01
Other Assets	486	551	620	763	753	923	967	1,678	1,719	1,777	1,457	2,257
Inventories	23.07	0.00	34.06	15.05	121	0.00	0.00	79.22	44.11	42.13	42.08	42.12
Trade receivables	343	416	508	664	537	862	911	1,568	1,645	1,653	1,280	2,090
Cash & equivalents	14.98	86.86	47.89	56.85	71.82	41.92	45.87	16.95	16.98	28.96	50.90	27.93
Total Assets	1,426	1,795	2,206	2,934	2,979	3,296	3,287	4,004	4,125	4,188	3,839	4,719

Veritas (India) cash flow

₹ crore, for each year.

Veritas (India) Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−24.98	156	80.02	279	225	145	144	121	80.97	55.99	41.01	−233
Cash from investing activity	−85.27	−304	−347	−589	−77.28	−71.25	−10.04	27.10	−3.01	−32.14	19.07	−1.01
Cash from financing activity	113	219	227	316	−133	−86.72	−130	−148	−75.80	−12.97	−38.93	209
Net cash flow	2.99	71.84	−37.95	8.99	14.97	−11.98	3.99	0.00	0.99	10.98	20.98	−22.95
Capex	0.13	0.71	2.43	0.56	1,064	88.14	4.29	0.03	0.00	26.29	3.59	0.07
Free cash flow	−25.03	−147	−266	−309	148	56.98	134	119	84.04	25.03	53.03	−233
CFO / OP %	−42.1%	233.0%	101.0%	359.0%	208.0%	107.0%	89.0%	77.9%	58.0%	28.0%	22.9%	−271.0%

Veritas (India) ratios

Working-capital days and returns, by year.

Veritas (India) Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	84	105	113	145	105	155	178	269	278	157	114	246
Inventory days	6	0	8	3	25	0	0	15	8	4	4	5
Days payable	46	27	31	58	84	103	70	197	156	15	66	141
Cash conversion cycle	44	78	90	90	46	52	108	88	130	146	53	110
Working capital days	34	51	60	−27	16	38	81	69	99	122	41	76
ROCE %	7.0%	5.0%	5.0%	4.0%	4.0%	7.0%	6.0%	5.0%	5.0%	8.0%	5.0%	2.0%

Veritas (India): frequently asked questions

What are the latest quarterly results of Veritas (India)?

For the Sep 2026 quarter, Veritas (India) reported sales of ₹714 Cr, down 29.3% year on year and net profit of −₹5.46 Cr, down 1,025.4% year on year. The operating margin was 1.0%.

What is the annual revenue of Veritas (India)?

Veritas (India)'s sales for the year to Mar 2026 were ₹3,119 Cr; over the last twelve months they were ₹3,138 Cr.

What is the net profit of Veritas (India)?

Net profit for the year to Mar 2026 was ₹19.93 Cr, and −₹6.84 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−2.55.

How much debt does Veritas (India) have?

Veritas (India) reported borrowings of ₹437 Cr at Mar 2026, against cash and equivalents of ₹27.93 Cr.

What is the free cash flow of Veritas (India)?

Cash from operations was −₹233 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹233 Cr.

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