How has been the historical performance of Amforge Inds.?
Amforge Inds. experienced a significant decline in financial performance from March 2009 to March 2010, with net sales dropping from 28.24 Cr to 0.29 Cr and continued losses despite slight improvements in operating profit and net profit. The company faced drastic reductions in sales and income, indicating severe financial challenges.
Answer:The historical performance of Amforge Inds. shows a significant decline in financial metrics from March 2009 to March 2010.Breakdown:
In March 2009, Amforge Inds. reported net sales of 28.24 Cr, which plummeted to just 0.29 Cr by March 2010. Total operating income also decreased from 28.32 Cr to 0.29 Cr during the same period. The raw material cost, which was 20.90 Cr in March 2009, dropped to zero in March 2010, indicating a halt in production or sales activities. Total expenditure, excluding depreciation, fell from 36.25 Cr to 4.17 Cr, while operating profit (PBDIT) improved slightly from -7.93 Cr to -3.88 Cr. However, the company continued to report losses, with profit before tax decreasing from -8.84 Cr to -4.95 Cr and profit after tax from -5.38 Cr to -4.83 Cr. The net profit also showed a slight improvement, moving from -5.69 Cr to -5.30 Cr. Earnings per share (EPS) improved marginally from -3.63 to -3.26. The operating profit margin and PAT margin were both negative, reflecting ongoing financial challenges. Overall, Amforge Inds. faced a drastic reduction in sales and income, while still managing to reduce some costs, but remained in a loss-making position.
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