Fire at Adjacent Terminal Impacts Veritas (India) Subsidiaries in UAE
A fire originating from an adjacent terminal spread to the office premises of Veritas (India) Limited's subsidiaries in the UAE. The blaze was successfully controlled, and no casualties were reported. The full extent of damage to the subsidiary offices and potential operational disruptions are yet to be disclosed.
29May 25
Veritas Q4 Results: EBITDA Declines, Net Loss Narrows
Veritas (India) Limited's Q4 financial results show a 36.07% year-over-year revenue decline to ₹7,000.00 million. EBITDA decreased by 47.84% to ₹264.00 million, with EBITDA margin contracting by 85 basis points to 3.77%. Despite these challenges, the company's net loss narrowed significantly to ₹11.00 million, a 95.47% improvement year-over-year and 96.32% quarter-over-quarter.