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

02 June 2023

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.