UPL has reported results for second quarter ended September 30, 2023 (Q2FY24)
The company has reported over two-fold jump in its net profit at Rs 906 crore for the quarter under review as compared to net profit of Rs 336 crore for the same quarter in the previous year. However, total income of the bank decreased by 17.74% at Rs 4,617 crore for Q2FY24 as compared Rs 5,613 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net loss of Rs 293 crore for the quarter under review as against net profit of Rs 969 crore for the same quarter in the previous year. Total income of the bank decreased by 18.36% at Rs 10,275 crore for Q2FY24 as compared Rs 12,585 crore for the corresponding quarter previous year.
