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Ultracab (India) Limited reported strong full-year results for FY2024-25, with revenue from operations nearly doubling to Rs. 23,943.38 lakhs from Rs. 12,405.56 lakhs in FY24, a growth of about 93%. Profit after tax rose 63% to Rs. 972.15 lakhs (from Rs. 597.83 lakhs), while EPS improved to Rs. 0.99 from Rs. 0.63. For Q4 FY25 alone, revenue grew to Rs. 7,295.21 lakhs and PAT stood at Rs. 238.79 lakhs. The company also raised fresh equity (share capital up to Rs. 2,459.16 lakhs with Rs. 3,441.93 lakhs share premium), which significantly improved its debt-equity ratio from 0.83 to 0.39. Statutory auditor M/s. Bhavin Associates issued an unmodified (clean) opinion on the results.
Strong double-digit growth in both revenue and profitability, combined with a cleaner balance sheet post equity raise, is a positive signal for shareholders. However, investors should note that operating cash flow remained negative at Rs. -370.59 lakhs despite the strong profit growth, indicating working capital continues to consume cash.