| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 941 | 1,324 | 1,095 | 756 | 916 | 1,642 | 785 | 587 | 1,006 | 988 | 532 | 898 | |
Growth YoY Revenue Growth YoY% | 74.3 | 131.4 | 66.1 | 52.6 | -2.7 | 24.1 | -28.3 | -22.4 | 9.9 | -39.9 | -32.2 | 53.0 |
| 884 | 1,269 | 1,044 | 691 | 867 | 1,592 | 760 | 551 | 991 | 963 | 523 | 877 | |
| 57 | 55 | 51 | 64 | 48 | 50 | 25 | 36 | 16 | 25 | 9 | 20 | |
OPM OPM% | 6.0 | 4.2 | 4.6 | 8.5 | 5.3 | 3.1 | 3.2 | 6.1 | 1.6 | 2.5 | 1.7 | 2.2 |
| 0 | 56 | 0 | 1 | 13 | 3 | -11 | 3 | 0 | 1 | 0 | 1 | |
Interest Expense Interest ExpenseCr | 6 | 6 | 11 | 8 | 14 | 13 | 5 | 5 | 4 | 3 | 15 | 6 |
Depreciation DepreciationCr | 9 | 9 | 16 | 9 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 11 |
PBT PBTCr | 42 | 96 | 24 | 48 | 37 | 30 | -1 | 24 | 1 | 12 | -17 | 4 |
| 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 | 0 | |
| 42 | 96 | 24 | 48 | 37 | 30 | -1 | 24 | 1 | 11 | -16 | 4 | |
Growth YoY PAT Growth YoY% | 74.8 | 282.9 | -16.4 | 91.2 | -11.9 | -68.8 | -104.5 | -49.8 | -98.4 | -63.6 | -1,348.2 | -84.8 |
NPM NPM% | 4.4 | 7.2 | 2.2 | 6.4 | 4.0 | 1.8 | -0.1 | 4.1 | 0.1 | 1.1 | -3.0 | 0.4 |
| 15.5 | 35.7 | 9.1 | 17.9 | 13.7 | 11.2 | -0.4 | 9.0 | 0.2 | 4.1 | -5.9 | 1.4 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 941 | 1,324 | 1,095 | 756 | 916 | 1,642 | 785 | 587 | 1,006 | 988 | 532 | 898 | |
Growth YoY Revenue Growth YoY% | 74.3 | 131.4 | 66.1 | 52.6 | -2.7 | 24.1 | -28.3 | -22.4 | 9.9 | -39.9 | -32.2 | 53.0 |
| 884 | 1,269 | 1,044 | 691 | 867 | 1,592 | 760 | 551 | 991 | 963 | 523 | 877 | |
| 57 | 55 | 51 | 64 | 48 | 50 | 25 | 36 | 16 | 25 | 9 | 20 | |
OPM OPM% | 6.0 | 4.2 | 4.6 | 8.5 | 5.3 | 3.1 | 3.2 | 6.1 | 1.6 | 2.5 | 1.7 | 2.2 |
| 0 | 56 | 0 | 1 | 13 | 3 | -11 | 3 | 0 | 1 | 0 | 1 | |
Interest Expense Interest ExpenseCr | 6 | 6 | 11 | 8 | 14 | 13 | 5 | 5 | 4 | 3 | 15 | 6 |
Depreciation DepreciationCr | 9 | 9 | 16 | 9 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 11 |
PBT PBTCr | 42 | 96 | 24 | 48 | 37 | 30 | -1 | 24 | 1 | 12 | -17 | 4 |
| 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 | 0 | |
| 42 | 96 | 24 | 48 | 37 | 30 | -1 | 24 | 1 | 11 | -16 | 4 | |
Growth YoY PAT Growth YoY% | 74.8 | 282.9 | -16.4 | 91.2 | -11.9 | -68.8 | -104.5 | -49.8 | -98.4 | -63.6 | -1,348.2 | -84.8 |
NPM NPM% | 4.4 | 7.2 | 2.2 | 6.4 | 4.0 | 1.8 | -0.1 | 4.1 | 0.1 | 1.1 | -3.0 | 0.4 |
| 15.5 | 35.7 | 9.1 | 17.9 | 13.7 | 11.2 | -0.4 | 9.0 | 0.2 | 4.1 | -5.9 | 1.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 1,456 | 1,648 | 1,679 | 1,876 | 2,037 | 1,876 | 2,131 | 2,163 | 3,855 | 4,098 | 3,113 | 3,423 |
Growth Revenue Growth% | -3.1 | 13.2 | 1.9 | 11.7 | 8.6 | -7.9 | 13.6 | 1.5 | 78.2 | 6.3 | -24.1 | -12.9 |
| 1,388 | 1,567 | 1,601 | 1,766 | 1,899 | 1,714 | 1,975 | 2,021 | 3,651 | 3,911 | 3,027 | 3,354 | |
| 68 | 81 | 78 | 110 | 138 | 163 | 157 | 142 | 204 | 188 | 85 | 70 | |
OPM OPM% | 4.7 | 4.9 | 4.7 | 5.8 | 6.8 | 8.7 | 7.3 | 6.6 | 5.3 | 4.6 | 2.7 | 2.0 |
| 0 | 2 | 1 | 12 | 50 | 4 | 0 | 5 | 58 | 6 | 3 | 0 | |
Interest Expense Interest ExpenseCr | 6 | 9 | 7 | 51 | 35 | 24 | 19 | 17 | 31 | 40 | 27 | 29 |
Depreciation DepreciationCr | 1 | 1 | 1 | 25 | 30 | 32 | 32 | 34 | 43 | 39 | 41 | 42 |
PBT PBTCr | 61 | 73 | 71 | 46 | 122 | 111 | 106 | 96 | 188 | 114 | 20 | -1 |
| 1 | 2 | 3 | 3 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | |
PAT PATCr | 60 | 71 | 68 | 44 | 122 | 109 | 105 | 95 | 187 | 114 | 20 | -1 |
Growth PAT Growth% | 25.4 | 18.7 | -5.2 | -35.8 | 181.0 | -10.5 | -4.3 | -9.4 | 97.1 | -39.2 | -82.7 | -100.9 |
NPM NPM% | 4.1 | 4.3 | 4.0 | 2.3 | 6.0 | 5.8 | 4.9 | 4.4 | 4.8 | 2.8 | 0.6 | 0.0 |
| 22.5 | 25.7 | 25.3 | 16.2 | 45.6 | 40.8 | 39.0 | 35.4 | 69.7 | 42.4 | 7.3 | -0.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 1,456 | 1,648 | 1,679 | 1,876 | 2,037 | 1,876 | 2,131 | 2,163 | 3,855 | 4,098 | 3,113 | 3,423 |
Growth Revenue Growth% | -3.1 | 13.2 | 1.9 | 11.7 | 8.6 | -7.9 | 13.6 | 1.5 | 78.2 | 6.3 | -24.1 | -12.9 |
| 1,388 | 1,567 | 1,601 | 1,766 | 1,899 | 1,714 | 1,975 | 2,021 | 3,651 | 3,911 | 3,027 | 3,354 | |
| 68 | 81 | 78 | 110 | 138 | 163 | 157 | 142 | 204 | 188 | 85 | 70 | |
OPM OPM% | 4.7 | 4.9 | 4.7 | 5.8 | 6.8 | 8.7 | 7.3 | 6.6 | 5.3 | 4.6 | 2.7 | 2.0 |
| 0 | 2 | 1 | 12 | 50 | 4 | 0 | 5 | 58 | 6 | 3 | 0 | |
Interest Expense Interest ExpenseCr | 6 | 9 | 7 | 51 | 35 | 24 | 19 | 17 | 31 | 40 | 27 | 29 |
Depreciation DepreciationCr | 1 | 1 | 1 | 25 | 30 | 32 | 32 | 34 | 43 | 39 | 41 | 42 |
PBT PBTCr | 61 | 73 | 71 | 46 | 122 | 111 | 106 | 96 | 188 | 114 | 20 | -1 |
| 1 | 2 | 3 | 3 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | |
PAT PATCr | 60 | 71 | 68 | 44 | 122 | 109 | 105 | 95 | 187 | 114 | 20 | -1 |
Growth PAT Growth% | 25.4 | 18.7 | -5.2 | -35.8 | 181.0 | -10.5 | -4.3 | -9.4 | 97.1 | -39.2 | -82.7 | -100.9 |
NPM NPM% | 4.1 | 4.3 | 4.0 | 2.3 | 6.0 | 5.8 | 4.9 | 4.4 | 4.8 | 2.8 | 0.6 | 0.0 |
| 22.5 | 25.7 | 25.3 | 16.2 | 45.6 | 40.8 | 39.0 | 35.4 | 69.7 | 42.4 | 7.3 | -0.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves ReservesCr | 1,113 | 1,177 | 1,244 | 1,694 | 1,886 | 1,971 | 2,108 | 2,301 | 2,507 | 2,663 | 2,862 |
| 256 | 291 | 818 | 583 | 657 | 497 | 1,251 | 1,106 | 409 | 897 | 1,522 | |
| 422 | 736 | 871 | 698 | 749 | 815 | 640 | 711 | 1,264 | 275 | 329 | |
| 1,794 | 2,207 | 2,936 | 2,978 | 3,295 | 3,286 | 4,001 | 4,121 | 4,183 | 3,837 | 4,716 | |
| 549 | 616 | 755 | 745 | 918 | 963 | 1,673 | 1,715 | 1,738 | 1,414 | 2,211 | |
| 1,245 | 1,591 | 2,181 | 2,234 | 2,377 | 2,322 | 2,328 | 2,406 | 2,446 | 2,423 | 2,505 | |
| 1,794 | 2,207 | 2,936 | 2,978 | 3,295 | 3,286 | 4,001 | 4,121 | 4,183 | 3,837 | 4,716 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves ReservesCr | 1,113 | 1,177 | 1,244 | 1,694 | 1,886 | 1,971 | 2,108 | 2,301 | 2,507 | 2,663 | 2,862 |
| 256 | 291 | 818 | 583 | 657 | 497 | 1,251 | 1,106 | 409 | 897 | 1,522 | |
| 422 | 736 | 871 | 698 | 749 | 815 | 640 | 711 | 1,264 | 275 | 329 | |
| 1,794 | 2,207 | 2,936 | 2,978 | 3,295 | 3,286 | 4,001 | 4,121 | 4,183 | 3,837 | 4,716 | |
| 549 | 616 | 755 | 745 | 918 | 963 | 1,673 | 1,715 | 1,738 | 1,414 | 2,211 | |
| 1,245 | 1,591 | 2,181 | 2,234 | 2,377 | 2,322 | 2,328 | 2,406 | 2,446 | 2,423 | 2,505 | |
| 1,794 | 2,207 | 2,936 | 2,978 | 3,295 | 3,286 | 4,001 | 4,121 | 4,183 | 3,837 | 4,716 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 156 | 80 | 279 | 225 | 145 | 144 | 121 | 81 | 56 | 41 | -233 | |
| -303 | -346 | -587 | -77 | -71 | -10 | 27 | -3 | -32 | 19 | -1 | |
| 219 | 228 | 317 | -133 | -87 | -130 | -148 | -76 | -13 | -39 | 210 | |
Net Cash Flow Net Cash FlowCr | 72 | -38 | 9 | 15 | -12 | 4 | 0 | 1 | 11 | 21 | -23 |
Free Cash Flow Free Cash FlowCr | 155 | 78 | 278 | -837 | 60 | 140 | 121 | 86 | 30 | 53 | -233 |
CFO To PAT CFO To PAT% | 258.8 | 112.0 | 411.1 | 518.1 | 118.8 | 131.5 | 115.4 | 85.0 | 29.9 | 36.4 | -1,181.0 |
CFO To EBITDA CFO To EBITDA% | 228.7 | 98.8 | 356.9 | 205.6 | 105.6 | 88.4 | 77.2 | 56.6 | 27.4 | 22.1 | -272.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 156 | 80 | 279 | 225 | 145 | 144 | 121 | 81 | 56 | 41 | -233 | |
| -303 | -346 | -587 | -77 | -71 | -10 | 27 | -3 | -32 | 19 | -1 | |
| 219 | 228 | 317 | -133 | -87 | -130 | -148 | -76 | -13 | -39 | 210 | |
Net Cash Flow Net Cash FlowCr | 72 | -38 | 9 | 15 | -12 | 4 | 0 | 1 | 11 | 21 | -23 |
Free Cash Flow Free Cash FlowCr | 155 | 78 | 278 | -837 | 60 | 140 | 121 | 86 | 30 | 53 | -233 |
CFO To PAT CFO To PAT% | 258.8 | 112.0 | 411.1 | 518.1 | 118.8 | 131.5 | 115.4 | 85.0 | 29.9 | 36.4 | -1,181.0 |
CFO To EBITDA CFO To EBITDA% | 228.7 | 98.8 | 356.9 | 205.6 | 105.6 | 88.4 | 77.2 | 56.6 | 27.4 | 22.1 | -272.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 316 | 316 | 462 | 144 | 72 | 184 | 311 | 379 | 2,869 | 1,029 | 362 | 421 |
Price To Earnings Price To Earnings | 5.3 | 4.4 | 6.8 | 3.3 | 0.6 | 1.7 | 3.0 | 4.0 | 15.4 | 9.1 | 18.4 | |
Price To Sales Price To Sales | 0.2 | 0.2 | 0.3 | 0.1 | 0.0 | 0.1 | 0.1 | 0.2 | 0.7 | 0.3 | 0.1 | 0.1 |
Price To Book Price To Book | 0.3 | 0.3 | 0.4 | 0.1 | 0.0 | 0.1 | 0.1 | 0.2 | 1.1 | 0.4 | 0.1 | 0.1 |
EV To EBITDA EV To EBITDA | 9.3 | 11.3 | 17.6 | 4.2 | 2.9 | 2.5 | 2.7 | 2.8 | 14.6 | 6.2 | 8.9 | 11.9 |
GPM GPM% | 5.2 | 5.3 | 5.1 | 6.8 | 8.2 | 10.0 | 8.1 | 7.5 | 6.2 | 5.7 | 4.3 | 4.3 |
OPM OPM% | 4.7 | 4.9 | 4.7 | 5.8 | 6.8 | 8.7 | 7.3 | 6.6 | 5.3 | 4.6 | 2.7 | 2.0 |
NPM NPM% | 4.1 | 4.3 | 4.0 | 2.3 | 6.0 | 5.8 | 4.9 | 4.4 | 4.8 | 2.8 | 0.6 | 0.0 |
ROCE ROCE% | 4.4 | 4.5 | 3.5 | 4.7 | 7.0 | 6.0 | 5.6 | 4.8 | 8.3 | 5.4 | 1.4 | 1.4 |
ROE ROE% | 5.4 | 6.1 | 5.4 | 2.6 | 6.5 | 5.5 | 5.0 | 4.1 | 7.4 | 4.3 | 0.7 | 0.7 |
ROA ROA% | 3.4 | 3.2 | 2.3 | 1.5 | 3.7 | 3.3 | 2.6 | 2.3 | 4.5 | 3.0 | 0.4 | 0.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 316 | 316 | 462 | 144 | 72 | 184 | 311 | 379 | 2,869 | 1,029 | 362 | 421 |
Price To Earnings Price To Earnings | 5.3 | 4.4 | 6.8 | 3.3 | 0.6 | 1.7 | 3.0 | 4.0 | 15.4 | 9.1 | 18.4 | |
Price To Sales Price To Sales | 0.2 | 0.2 | 0.3 | 0.1 | 0.0 | 0.1 | 0.1 | 0.2 | 0.7 | 0.3 | 0.1 | 0.1 |
Price To Book Price To Book | 0.3 | 0.3 | 0.4 | 0.1 | 0.0 | 0.1 | 0.1 | 0.2 | 1.1 | 0.4 | 0.1 | 0.1 |
EV To EBITDA EV To EBITDA | 9.3 | 11.3 | 17.6 | 4.2 | 2.9 | 2.5 | 2.7 | 2.8 | 14.6 | 6.2 | 8.9 | 11.9 |
GPM GPM% | 5.2 | 5.3 | 5.1 | 6.8 | 8.2 | 10.0 | 8.1 | 7.5 | 6.2 | 5.7 | 4.3 | 4.3 |
OPM OPM% | 4.7 | 4.9 | 4.7 | 5.8 | 6.8 | 8.7 | 7.3 | 6.6 | 5.3 | 4.6 | 2.7 | 2.0 |
NPM NPM% | 4.1 | 4.3 | 4.0 | 2.3 | 6.0 | 5.8 | 4.9 | 4.4 | 4.8 | 2.8 | 0.6 | 0.0 |
ROCE ROCE% | 4.4 | 4.5 | 3.5 | 4.7 | 7.0 | 6.0 | 5.6 | 4.8 | 8.3 | 5.4 | 1.4 | 1.4 |
ROE ROE% | 5.4 | 6.1 | 5.4 | 2.6 | 6.5 | 5.5 | 5.0 | 4.1 | 7.4 | 4.3 | 0.7 | 0.7 |
ROA ROA% | 3.4 | 3.2 | 2.3 | 1.5 | 3.7 | 3.3 | 2.6 | 2.3 | 4.5 | 3.0 | 0.4 | 0.4 |
Documents — Veritas (India) Ltd