Ultracab Q1 FY23 Profits 98.18% Higher YoY. Revenue at 26.8 Cr

Ultracab India Ltd. [BOM: 538706], has announced its financial results for the first quarter of FY-23.

Revenue from operations of the company stood at Rs. 26.78 crore during Q1 of the current fiscal. This reflects a remarkable 58.46% YoY increase in Ultracab’s revenue from operations from Rs. 16.90 crore clocked in Q1 of FY-22.

Profit After Tax (PAT) of the company was reported as Rs. 1.09 crore for Q1 of FY-23, which shows a 98.18% increase from Rs. 0.55 crore PAT clocked during the same quarter in the previous fiscal.

Ultracab’s Q1 FY-23 financials when compared to those recorded for Q4 of FY-22 exhibit a meagre 3.64% increase in revenue from operations, and 1.87% increase in PAT. For the last quarter of FY-22, Ultracab’s revenue from operations was reported as Rs. 25.84 crore, while PAT for the same period was Rs. 1.07 crore.