Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2025.
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Veritas (India) Limited reported its Q3 FY26 and nine-month ended December 31, 2025 results, with consolidated revenue falling about 22% year-on-year to ₹2,58,089 lakhs (from ₹3,31,349 lakhs in 9M FY25). Consolidated profit after tax for 9M FY26 dropped sharply to ₹3,562.68 lakhs from ₹11,466.09 lakhs in the prior-year period. Standalone revenue also fell steeply as most business activity appears to have shifted into subsidiaries, while standalone Q3 PAT improved to ₹408.03 lakhs. The board appointed Mr. Narendra Vala as the new CFO and Mr. Jayaramakrishnan Kannan as an Independent Director, while noting the resignation of Independent Director Mr. Vijay Shah. The auditor gave an unmodified opinion but highlighted the ongoing integrated manufacturing complex being set up at Dighi Port via subsidiary Veritas Polychem Pvt Ltd.
Sharp declines in both consolidated revenue and profit year-on-year are a negative signal for shareholders in the near term. However, the management reshuffle and the long-gestation Dighi Port manufacturing project (financed through a subsidiary) suggest the company is repositioning its business mix, which investors should monitor closely.