Veritas
145.90
+2.85(+1.99%)
Market Cap₹391.14 Cr
PE Ratio11.11
Company Performance:
1D+1.99%
1M-13.05%
6M-55.37%
1Y-63.41%
5Y+115.99%
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More news about Veritas
14Nov 25
Veritas Q2 Results: Net Profit Plummets Despite Revenue Growth
Veritas released Q2 financial results showing contrasting performance. Revenue grew 9.29% YoY to ₹10.00 billion, but net profit fell 98.37% to ₹6.00 million. EBITDA decreased 67.57% to ₹156.00 million, with EBITDA margin contracting from 5.26% to 1.55%. The results indicate significant profitability challenges despite top-line growth.
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16Sept 25
Veritas Finance Achieves Unicorn Status with $1 Billion Valuation
Veritas Finance, a Chennai-based NBFC, has reached unicorn status with a $1 billion valuation. The company, founded in 2015, specializes in MSME lending and has shown significant growth with a loan book of ₹7,349.00 crore and AUM of ₹6,517.00 crores. Veritas Finance reported total revenue of ₹1,557.40 crore and profit after tax of ₹292.19 crore. Operating 494 branches across 11 states, the company has raised over ₹1,835.00 crore in equity funding. Veritas Finance has filed for an IPO worth ₹2,800.00 crore, signaling further growth ambitions.
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02Jun 25
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.
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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.
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Veritas
145.90
+2.85
(+1.99%)
1 Year Returns:-63.41%
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