Ultracab Q2 YoY Growth: Revenue Rises 44.41%, PAT Shoots up 104.29%

Ultracab India Ltd. [BOM: 538706] has announced its financials for the quarter ended 30th September 2022.

Revenue earned by the company stood at Rs. 36.55 crore for the second quarter of FY-23, as against the Rs. 25.31 crore revenue reported by Ultracab for the corresponding period in 2021-22. This reflects a 44.41% growth in revenue on a Year-over-Year (YoY) basis.

YoY comparison of the company’s Profit After Tax (PAT) shows a growth of 104.29%. Ultracab’s PAT was Rs. 1.43 crore for quarter ended 30th September 2020, as against the Rs. 0.7 crore profit for Q2 of FY-22.

On a Quarter-over-Quarter (QoQ) basis, the company’s revenue increased by 16.62% from Rs. 31.34 crore, which was clocked during the opening quarter of the ongoing fiscal. PAT of the company also showed an upward trend, growing by 31.19% from Rs.1.09 crore, which was reported by Ultracab for Q1 of FY-23.