FCB Ulka Advertising Pvt Ltd has reported a revenue jump of 8% during the financial year ending March 31, 2023, at Rs 171.10 crore compared to the last fiscal.

According to the ad agency’s financial data accessed by business intelligence platform Tofler, its revenue last fiscal was Rs 158.54 crore.

The revenue from the sale of services stood at Rs 163.6 crore in FY23, up from Rs 157.55 crore in FY22. It has seen a profit decline from Rs 13.29 crore in FY22 to Rs 10.55 crore in FY23.

The total expenses of the company increased by 9.7 % in FY23 to Rs 156.69 crore from Rs 142.8 crore between April 2021 and March 2022.

Depreciation and amortisation expenses of the agency reduced from Rs 2.16 crore to Rs 1.59 crore.