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Share the post "VERITAS (INDIA) ‘s Q3 2024-25 Latest News: Revenue Up by 24.06% Year-on-Year"
Highlights
🔹 The presented financial data is Consolidated to provide a comprehensive overview of the company performance. 🔹 Sales over the Year and quarter: The company experienced a substantial growth of 24.06 % in the past year, substantial increase in net sales/revenue by 79.4 %. 🔹 Income over the Year and quarter: There has been decline in other income over the past year which is -94.43 %, Marginal decrease of -76.01% in other income during this quarter. 🔹 Profit over the Year and quarter: Challenges in sustaining profitability for VERITAS (INDIA) LTD.. Profit dropped by -68.76 % Year to Year, VERITAS (INDIA) LTD.’s profitability dropped by -18.36 % Quarter to Quarter. 🔹 EPS over the Year and quarter: EPS declined by -68.77 % Year to Year. EPS decreased by -18.36 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1323.897 Cr | Rs. 915.508 Cr | Rs. 1642.457 Cr | + 79.4 % | + 24.06 % |
| Expenses | Rs. 1268.82 Cr | Rs. 867.38 Cr | Rs. 1592.18 Cr | + 83.56 % | + 25.49 % |
| Operating Profit | Rs. 55.08 Cr | Rs. 48.13 Cr | Rs. 50.28 Cr | + 4.47 % | -8.71 % |
| OPM % | 4.16 % | 5.26 % | 3.06 % | -2.2 % | -1.1 % |
| Other Income | Rs. 56.045 Cr | Rs. 13.012 Cr | Rs. 3.122 Cr | -76.01 % | -94.43 % |
| Interest | Rs. 5.85 Cr | Rs. 14.05 Cr | Rs. 13.16 Cr | -6.33 % | + 124.96 % |
| Depreciation | Rs. 8.96 Cr | Rs. 10.1 Cr | Rs. 9.95 Cr | -1.49 % | + 11.05 % |
| Profit before tax | Rs. 96.32 Cr | Rs. 36.99 Cr | Rs. 30.29 Cr | -18.11 % | -68.55 % |
| Tax % | 0.53 % | 0.9 % | 1.19 % | + 0.29 % | + 0.66 % |
| Net Profit | Rs. 95.8 Cr | Rs. 36.66 Cr | Rs. 29.93 Cr | -18.36 % | -68.76 % |
| EPS in Rs | Rs. 35.73 | Rs. 13.67 | Rs. 11.16 | -18.36 % | -68.77 % |
Today, we’re looking at VERITAS (INDIA) LTD.’s financial performance for the Q3(Dec 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 24.06 %. However, it did see a marginal increase of 79.4 % from the previous quarter. Expenses ticked up slightly by 83.56 % quarter-on-quarter, aligning with the annual rise of 25.49 %. Operating profit, while down -8.71 % compared to last year, faced a quarter-on-quarter increase of 4.47 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.1 %, but a shrinkage of -2.2 % sequentially. Other income fell by -76.01 % compared to the last quarter, despite an annual decline of -94.43 %. Interest expenses dropped significantly by -6.33 % from the previous quarter, yet the year-over-year increase remains at a moderate 124.96 %. Depreciation costs fell by -1.49 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 11.05 %. Profit before tax declined annually by -68.55 % but saw a reduction from the preceding quarter by -18.11 %.
Tax expenses as a percentage of profits increased slightly by 0.66 % compared to last year, with a more notable quarter-on-quarter increase of 0.29 %. Net profit fell by -68.76 % year-on-year but witnessed a -18.36 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -68.77 % but a quarterly fall of -18.36 %. In summary, VERITAS (INDIA) LTD.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1323.897 Cr | Rs. 915.508 Cr | Rs. 1642.457 Cr | + 79.4 % | + 24.06 % |
| Expenses | Rs. 1268.82 Cr | Rs. 867.38 Cr | Rs. 1592.18 Cr | + 83.56 % | + 25.49 % |
| Operating Profit | Rs. 55.08 Cr | Rs. 48.13 Cr | Rs. 50.28 Cr | + 4.47 % | -8.71 % |
| Net Profit | Rs. 95.8 Cr | Rs. 36.66 Cr | Rs. 29.93 Cr | -18.36 % | -68.76 % |
| EPS in Rs | Rs. 35.73 | Rs. 13.67 | Rs. 11.16 | -18.36 % | -68.77 % |
In reviewing VERITAS (INDIA) LTD.’s 2024-25(Q3) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 24.06 % year-on-year growth, however, there was a minor increase of 79.4 % from the previous quarter. Expenses rose by 25.49 % compared to the previous year, with a 83.56 % increase quarter-on-quarter. Operating Profit dropped by -8.71 % annually, and saw a 4.47 % increase from the last quarter.
Net Profit showed yearly decrease of -68.76 %, and experienced a -18.36 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -68.77 % annually, however dipped by -18.36 % compared to the last quarter. In essence, while VERITAS (INDIA) LTD. faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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