UBL's Q2FY24 Financial Performance Review
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.