Ultracab (India) ‘s Q1 Update: Profit Grows by 106.8% YoY

The comprehensive analytics outlining the performance and outlook of Ultracab (India) Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Ultracab (India) Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 104.8 %. However, it did see a marginal increase of 20.5 % from the previous quarter. Expenses ticked up slightly by 23.21 % quarter-on-quarter, aligning with the annual rise of 108.78 %. Operating profit, while up 67.46 % compared to last year, faced a quarter-on-quarter dip of -4.09 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.75 %, but a shrinkage of -2.01 % sequentially. Other income rose by 314.29 % compared to the last quarter, despite an annual decline of -25 %. Interest expenses dropped significantly by -15.32 % from the previous quarter, yet the year-over-year increase remains at a moderate 11.7 %. Depreciation costs climbed by 17.39 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 42.11 %. Profit before tax grew annually by 104.9 % but saw an increase from the preceding quarter by 0.34 %.
Tax expenses as a percentage of profits decreased slightly by -0.78 % compared to last year, with a more notable quarter-on-quarter decrease of -11.99 %. Net profit rose by 106.8 % year-on-year but experienced a 20.34 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 100 % but a quarterly rise of 15.79 %. In summary, Ultracab (India) Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Ultracab (India) Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 104.8 % year-on-year growth, however, there was a minor increase of 20.5 % from the previous quarter. Expenses rose by 108.78 % compared to the previous year, with a 23.21 % increase quarter-on-quarter. Operating Profit surged by 67.46 % annually, and saw a -4.09 % decrease from the last quarter.
Net Profit showed yearly increase of 106.8 %, and experienced a 20.34 % increase from the previous quarter. Earnings Per Share (EPS) rose by 100 % annually, however rose by 15.79 % compared to the last quarter. In essence, while Ultracab (India) Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.