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Ultracab India FY23 Income Up 26.11% to 107 Cr., PAT Grows 85.35%

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 2023.

Ultracab’s revenue from operations during Q4 of FY-23 was Rs. 24.83 crore, which is 3.91% less than the company’s revenue for Q4 of FY-22 which stood at Rs. 25.84 crore. Ultracab’s Q4 Profit After Tax (PAT) showed a Year-over-Year (YoY) increase of 60.75% to Rs. 1.72 crore in FY-23 from Rs. 1.07 crore during Q4 FY22.

Ultracab’s revenue shows a minor rise of 1.16% in last quarter of FY-23 over Q3 FY-23, which was Rs. 24.52

For the entire year, FY23, the company’s revenue was Rs. 107.36 crore in 2022-23, whereas in the previous fiscal it was Rs. 85.13 crore, exhibiting an increase by 26.11%. Ultracab’s PAT showed an 85.35% increase to Rs. 5.82 crore during FY-23 from Rs. 3.14 crore in FY22.