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Ultracab Q2 FY24 Financials: Revenue Remains Stagnant, PAT Grows 6.99% YoY

Ultracab India Limited [BOM: 538706], an Indian manufacturer of wires and cables, has announced its financial results for Q2 of FY-24.

Ultracab India’s revenue from operations remained almost flat on a Year-over-Year (YoY) basis, decreasing slightly by 0.25% to Rs. 31.13 crore in Q2 of FY-24 from Rs. 31.21 crore during Q2 of FY-23. However, Profit After Tax (PAT) of the company jumped to Rs. 1.53 crore during Q2 of FY-24 from Rs. 1.43 crore in Q2 of FY-23. This shows a YoY increase of 6.99% in Ultracab’s Q2 PAT.

Earnings Per Share (EPS) of the company stood at Rs. 0.16 in Q2 of FY-24 against Rs. 0.15 in Q2 of FY-23.

On QoQ basis Ultracab’s revenue from operations increased by 18.73% in Q2 of FY-24 from Rs. 26.22 crore clocked during Q1 of FY-24. PAT of the company also showed a healthy increase of 48.54% QoQ in Q2 of FY-24 from Rs. 1.03 crore during Q1 of FY-24.

Also read: Ultracab’s recent CRISIL Credit Ratings Suggest High Credit Risk.