MOS Utility reports 194% YoY jump in gross profit of ₹1,347.12 lakh

1 min read 01 Jun 2023, 06:12 AM IST Join us

Vipul Das

MOS Utility Limited, one of India's leading technology-enabled providers of digital products and services in the B2B, B2B2C, B2C and financial technology arena.

Among the Sensex stocks, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tech Mahindra, and ICICI Bank ended between 4% and 5.5%

MOS Utility Limited, one of India's leading technology-enabled providers of digital products and services in the B2B, B2B2C, B2C and financial technology arena announced its Audited Financial Results for the half year and year ended March 31, 2023.

Revenue from operations increased 35.60 per cent to ₹10,966.37 lakh Y-o-Y. EBITDA stood at ₹1,062.55 lakh. The company reported a gross profit of ₹1,347.12 lakh which is an increase of 194.52% Y-o-Y.

For the year ended on 31.03.2023, MOS Utilities's profit after tax ranked at ₹568.06 lakh, which is displaying a jump from ₹329.15 lakh for the year ended on 31.03.2022. It means that the profit after tax of the company was 72.58 per cent Y-o-Y.

Commenting on the results, Ravi Ruparelia, Managing Director, said,"Such a substantial increase in revenue indicates that the company has been successful in attracting more customers, expanding its market presence. This growth rate demonstrates the company's ability to effectively capitalize on the opportunities within the fintech industry."

MOS Utility Ltd, a 2009 incorporation, offers digital goods and services in the B2C, B2B, and financial technology sectors. Banking, travel, insurance, utility services, entertainment services, franchisee, and other services make up MOS Utility's seven main business segments.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

ABOUT THE AUTHOR

Vipul Das

Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).