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Ultracab India FY-24 Revenue Jumps by 15.5%

Ultracab India Limited, [BOM: 538706], an Indian manufacturer of wires and cables, has announced its financial results for the quarter and year ended 31st March 2024.

Ultracab India’s revenue from operations during Q4 of FY-24 was Rs. 44.56 crore, which is 79.46% higher than the company’s revenue for Q4 of FY-23, which stood at Rs. 24.83 crore. Ultracab’s Profit After Tax (PAT) for Q4 of FY-24 showed a Year-over-Year (YoY) increase of 2.91% to Rs. 1.77 crore from Rs. 1.72 crore during Q4 of FY-23.

The company’s revenue from operations increased 2.02 times Quarter-over-Quarter (QoQ) during Q4 of FY-24 from Rs. 22.05 crore during Q3 of FY-24. Ultracab’s PAT showed an increase of 7.93% in closing quarter of FY-24 over Q3 of FY-23, which was Rs. 1.64 crore.

For the entire year, FY-24, the company’s revenue was Rs. 124.06 crore against Rs. 107.36 crore during FY-23. This reflects a YoY increase of 15.55%. The company’s PAT was up by 2.75% to Rs. 5.98 crore during FY-24 from Rs. 5.82 crore during FY-23. During entire FY-24, the company’s Earning Per Share stood at Rs. 0.63 against Rs. 0.61 during FY-23.