How has been the historical performance of Veritas (India)?

Answer:The historical performance of Veritas (India) shows a significant increase in net sales and total operating income over the years, with net sales rising from 2,131.48 Cr in March 2022 to 4,099.05 Cr in March 2025. The total expenditure also increased, leading to fluctuations in operating profit, which peaked at 261.54 Cr in March 2024 before dropping to 193.98 Cr in March 2025. Profit before tax followed a similar trend, reaching 187.89 Cr in March 2024 and then decreasing to 113.91 Cr in March 2025. The profit after tax also saw a decline from 186.85 Cr in March 2024 to 113.56 Cr in March 2025.

In terms of assets and liabilities, total assets increased from 2,978.27 Cr in March 2019 to 4,182.76 Cr in March 2024, while total liabilities also rose, indicating a growing business scale. The cash flow from operating activities showed a downward trend, decreasing from 225.00 Cr in March 2019 to 55.00 Cr in March 2024, although there was a slight recovery to 11.00 Cr in March 2024. The earnings per share fluctuated, with a notable drop from 69.72 in March 2024 to 42.37 in March 2025, reflecting the challenges faced in profitability despite increased sales.

Breakdown:
Veritas (India) has demonstrated a robust growth trajectory in net sales, which escalated from 2,131.48 Cr in March 2022 to 4,099.05 Cr in March 2025. This growth in revenue was accompanied by a rise in total operating income, which mirrored the sales trend. However, the company faced challenges in maintaining operating profit, which peaked at 261.54 Cr in March 2024 but fell to 193.98 Cr in March 2025. Profit before tax and profit after tax followed a similar pattern, indicating a decline in profitability despite higher sales figures. The total assets of the company increased significantly, reflecting its expansion, while total liabilities also rose, suggesting increased borrowing or obligations. Cash flow from operating activities showed a downward trend, indicating potential liquidity issues, although there was a slight recovery in the latest period. Overall, while Veritas (India) has seen substantial growth in sales, profitability metrics have fluctuated, highlighting the need for strategic management to enhance financial performance.