Veritas (India) Approves USD 51 Million Verasco Asset Sale To Inergy

Revenue Rebounds, Profits Slide PAT at Rs 3.7 Cr in Q1 FY27 (consolidated), -84.9% YoY. Revenue at Rs 898 Cr in Q1 FY27 (consolidated), +53.0% YoY. EBITDA at Rs 20.6 Cr, -46.6% YoY. EBITDA margin at 2.3% vs 6.6%. Distribution & Development revenue grew 54.5% YoY but segment results fell 55.2%; Warehousing swung to a Rs 1.6 Cr loss from a Rs 1.0 Cr profit. Board gave final approval for disposal of Verasco FZE assets and liabilities for up to USD 51 million, subject to definitive agreements and regulatory clearances. Dighi manufacturing project remains financially supported by the Company.