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Ultracab Q1 FY24 Financials: PAT Down 5.5% YoY

Ultracab India Ltd. [BOM: 538706], an Indian manufacturer of wires and cables, has announced its financial results for the first quarter of the 2023-24 financial year.

Ultracab’s revenue from operations for Q1 of FY-24 stood at Rs. 26.22 crore which is 2.09% less than its Q1 of FY-23 revenue of Rs. 26.78 crore. Profit After Tax (PAT) of Ultracab showed a Year-over-Year (YoY) decrease of 5.50% to Rs. 1.03 crore in FY-24 from Rs. 1.09 crore clocked during the first quarter of FY-23.

As for the Earnings Per Share (EPS), Ultracab reported this figure as Rs. 0.1081 for the initial quarter of the current financial year against Rs. 0.1138 for the Q1 of FY-23.

On a Quarter-over-Quarter basis, the company’s revenue from operations increased by 5.59% in Q1 of the current fiscal from Rs. 24.83 crore in Q4 of FY-23. However, Ultracab’s PAT decreased by 40.12% in this quarter from Rs. 1.72 crore clocked during the closing quarter of FY-23.