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Ultracab Announces Q3 FY-24 Financials: Revenue Down 10%, PAT Grows 4% YoY

Ultracab India Ltd. [BOM: 538706], a Gujarat-based manufacturer of wires and cables, has announced its financials for Q3 of FY-24.

On a Year-over-Year (YoY) basis, Ultracab’s revenue from operations decreased by 10.15% to Rs. 22.05 crore during Q3 of FY-24 from Rs. 24.54 crore earned during Q3 of FY-23. The company reported a PAT of 1.64 crore in Q3 FY-24 against Rs. 1.58 crore PAT recorded for third quarter of FY-24. This reflects an increase of 3.80%.

Ultracab’s Earnings Per Share (EPS) stood at 0.17 during Q3 of both FY-24 and FY-23.

On a Quarter-over-Quarter (QoQ) basis, the company’s revenue fall by 29.39% from Rs. 31.23 crore clocked during Q2 of FY-24. Besides, the company’s PAT showed an upward trend from Rs. 1.53 crore, representing an increase of 7.19%.

During Q3 FY-24, Ultracab’s shareholders offloaded most of their shares and their shareholding dropped to 27.9% as on 31st December 2023.