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Ultracab’s Q3 Revenue Grows 15.77% YoY, PAT Surges by 90.36%

Ultracab (India) Ltd. has announced its financials for the quarter ended 31st December 2022.

The company reported a revenue of Rs. 28.41 crore for Q3 of the current financial year, which is 15.77% higher than Ultracab’s Rs. 24.54 crore revenue clocked during the third quarter of FY-22. Correspondingly, Q3 Profit After Tax (PAT) of the company grew by an astounding 90.36% to Rs. 1.58 crore in FY-23 from Rs. 0.83 crore in FY-22.

On a Quarter-over-Quarter (QoQ) basis, the company’s revenue fell by 22.27% from Rs. 36.55 crore reported for the quarter ended 30th September 2022. Ultracab’s PAT rose in the period from Q2 to Q3 of the current fiscal by 10.48%. In Q2 of FY-23, the company’s PAT stood at Rs. 1.43 crore.