Veritas (India) Ltd — Others, 29-05-2025: Corp Action

Veritas (India) Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The audited consolidated results showed total income of Rs. 4103.92 Cr and a profit before tax of Rs. 113.91 Cr, down from Rs. 187.89 Cr the previous year. Profit after tax stood at Rs. 113.56 Cr. The standalone results recorded total income of Rs. 324.58 Cr with a profit before tax of Rs. 4.69 Cr and profit after tax of Rs. 4.34 Cr. The board approved a dividend of 5% on equity shares. The audit report was unqualified. The group continues its manufacturing expansion via its subsidiary Veritas Polychem Private Limited, investing in an integrated complex at Dighi Port, Maharashtra, currently financed by the company. Segment-wise, distribution & development remains the major revenue contributor, while warehousing shows reduction in profits. The company’s balance sheet reflects stable equity and sizable investment in property, plant, and equipment. Cash flows from operations declined versus prior year, amidst higher working capital use.