Audited Financial Result for the quarter and year ended 31st March 2023 of The Scottish Assam

Audited Financial Result for the quarter and year ended 31st March 2023:

The Scottish Assam released its financials for FY23. The company reported a decline of 2.1% in its revenues from Rs 42.9 Cr in FY22 to Rs 42.0 Cr in FY23. The net profit of the company declined by 66% from Rs 11.5 Cr in FY22 to Rs 3.9 Cr in FY23 due to an increase of total expenses by 22.3% from 303 Cr in FY22 to 371 Cr. in FY23. Compared to its expense growth of 22.3%, revenue has not increased as much.