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

Answer:The historical performance of Veritas (India) shows a significant increase in net sales, rising from 2,163.22 Cr in March 2023 to 4,099.05 Cr in March 2025. The total operating income followed a similar trend, reaching 4,099.05 Cr in March 2025, compared to 2,163.22 Cr in March 2023. However, the total expenditure also increased, from 2,020.74 Cr in March 2023 to 3,909.94 Cr in March 2025, leading to an operating profit (PBDIT) of 193.98 Cr in March 2025, down from 261.54 Cr in March 2024. Profit before tax decreased to 113.91 Cr in March 2025 from 187.89 Cr in March 2024, while profit after tax also fell to 113.56 Cr from 186.85 Cr during the same period. The earnings per share (EPS) decreased to 42.37 in March 2025 from 69.72 in March 2024. On the balance sheet, total liabilities increased to 4,182.76 Cr in March 2024 from 4,120.67 Cr in March 2023, with total assets also rising to 4,182.76 Cr. Cash flow from operating activities showed a decline to 55.00 Cr in March 2024 from 80.00 Cr in March 2023, while the closing cash and cash equivalents increased to 18.00 Cr in March 2024 from 7.00 Cr in March 2023.

Breakdown:
Veritas (India) has demonstrated a robust growth trajectory in net sales, which surged to 4,099.05 Cr in March 2025, reflecting a substantial increase from previous years. This growth in revenue was accompanied by a rise in total operating income, which mirrored the sales trend. However, the company's total expenditure also escalated significantly, resulting in a decrease in operating profit and profit before tax in March 2025 compared to the prior year. The profit after tax similarly declined, indicating challenges in maintaining profitability despite higher sales. The earnings per share saw a notable drop, highlighting the impact of rising costs on shareholder returns. On the balance sheet, total liabilities and assets both increased, suggesting a growing scale of operations, while cash flow from operating activities decreased, although the company managed to improve its closing cash position. Overall, while Veritas (India) has achieved impressive sales growth, it faces pressures on profitability and cash flow management.