Veritas India Approves Up To USD 51 Million Verasco Asset Sale

Q1 FY27 Consolidated Results YoY: Revenue at 898 Cr vs 587 Cr, up 53.0%. EBITDA at 20.6 Cr vs 38.6 Cr, down 46.6%. EBITDA Margin at 2.3% vs 6.6%, contraction of 430bps. PAT at 3.7 Cr vs 24.1 Cr, down 84.9%; Other Income fell to 0.5 Cr from 2.8 Cr. Distribution & Development revenue grew 54.6% but segment profit fell 55.1%, while Warehousing turned to a loss of 1.6 Cr from profit of 1.0 Cr. Board gave final approval to dispose of Verasco FZE assets and liabilities to Inergy FZE for consideration of up to USD 51m, subject to definitive agreements and regulatory clearances. Context: clears a potential debt-reduction route.