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.


ParticularsQ2FY23(Y-o-Y) % changeQ1FY24(Q-o-Q) % changeQ2FY24
Total Income (₹crs.)367314.135243-20.054192
Expenses (₹crs.)350715.85072-19.934061
Net Profit (₹crs.)1341-20.131363-21.421071
Margin (%)36.51-10.9626.00-0.4525.55


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.



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