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Veritas (India) slips after Q3 PAT tumbles 40% YoY to Rs 18 cr

18 Feb 2022 , 12:38 PM

Consolidated profit before tax (PBT) skid 36.4% to Rs 18.42 crore in Q3 FY22 from Rs 28.94 crore in Q3 FY21.

On a standalone basis, net profit soared 383% to Rs 5.12 crore on a 6.2% decrease in net sales to Rs 69.74 crore in Q3 December 2021 over Q3 December 2020.

The stock has fallen 13.10% in seven trading sessions from a recent closing high of Rs 172.85 attained on 9 February 2022.

Veritas (India)s principal business activities include wholesale trade, except of motor vehicles and motorcycles. The companys segments include trading, distribution and development and wind power generation.

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