Veritas (India) standalone net profit declines 65.07% in the March 2020 quarter

Sales decline 25.11% to Rs 128.03 crore

Net profit of Veritas (India) declined 65.07% to Rs 0.51 crore in the quarter ended March 2020 as against Rs 1.46 crore during the previous quarter ended March 2019. Sales declined 25.11% to Rs 128.03 crore in the quarter ended March 2020 as against Rs 170.96 crore during the previous quarter ended March 2019.

For the full year,net profit declined 12.31% to Rs 8.48 crore in the year ended March 2020 as against Rs 9.67 crore during the previous year ended March 2019. Sales declined 11.26% to Rs 542.70 crore in the year ended March 2020 as against Rs 611.53 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales128.03170.96 -25 542.70611.53 -11 OPM %-0.43-0.37 -0.460.53 - PBDT0.482.16 -78 9.0913.18 -31 PBT0.412.01 -80 8.6212.60 -32 NP0.511.46 -65 8.489.67 -12

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