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Veritas (India) fell 1.99% to Rs 150.20 after the company's consolidated net profit dropped 39.6% to Rs 17.79 crore on a 9.1% rise in net sales to Rs 458.94 crore in Q3 December 2021 over Q3 December 2020.
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 company's segments include trading, distribution and development and wind power generation.
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