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UBL's Q2FY24 Financial Performance Review

Oct 20, 2023

By: BlinkX Research Team

In this financial performance review, we delve into the results of UBL for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.

Particulars	Q2FY23	(Y-o-Y) % change	Q1FY24	(Q-o-Q) % change	Q2FY24
Total Income (₹crs.)	3673	14.13	5243	-20.05	4192
Expenses (₹crs.)	3507	15.8	5072	-19.93	4061
Net Profit (₹crs.)	1341	-20.13	1363	-21.42	1071
Margin (%)	36.51	-10.96	26.00	-0.45	25.55

REVENUE: The company reported a total income of ₹4,192cr for Q2FY24, with a significant decrease of -20.05% compared to the preceding quarter. There is however a decent increase of 14.13% year-on-year.

EXPENSES: They also recorded expenses amounting to ₹4,061cr in Q2FY24, with a decrease of -19.93% compared Q1Y24. Furthermore, expenses increase when compared to Q2FY23.

NET PROFIT: The net profit for Q2FY24 was quarter-on-quarter and year-on-year. The net profit of ₹1071cr showed a decline of -21.42% (quarter-on-quarter) and -20.13% (year-on-year) which shows weakness in the ability of the company to generate sales.

MARGINS: UBL's margin in Q2FY24 was 25.55%. This figure showed a slight decrease of -0.45% compared to the previous quarter when the margin was 26.00%. Year-on-year, the margin also decreased from 36.51% in the Q2FY23.

In conclusion, UBL's financial performance in Q2FY24 reflects a challenging quarter with a notable decrease in revenue and net profit. Further analysis is needed to understand the underlying trends.

Stay tuned for more detailed updates on UBL's financial performance in the coming quarters.