How has been the historical performance of ARSS Infra?

Answer:The historical performance of ARSS Infra shows a significant decline in net sales and profitability over the years, culminating in losses in recent periods. Breakdown: ARSS Infra's net sales have decreased from 459.10 Cr in March 2019 to 165.39 Cr in March 2025, reflecting a downward trend in revenue generation. The total operating income followed a similar pattern, dropping from 459.10 Cr in March 2019 to 165.39 Cr in March 2025. The company's total expenditure, excluding depreciation, has also decreased, from 452.55 Cr in March 2019 to 178.67 Cr in March 2025, but not at a rate sufficient to offset the decline in income, leading to negative operating profits. The operating profit margin has worsened from 1.43% in March 2019 to -8.03% in March 2025. Profit before tax has consistently been negative since March 2020, with a loss of -8.38 Cr in March 2025, and the net profit has also turned negative, reaching -9.52 Cr in the same period. The company's total liabilities have remained relatively stable, around 1,595.72 Cr in March 2024, while total assets have slightly increased to 1,595.72 Cr. Cash flow from operating activities has shown some improvement, with a net cash inflow of 26.00 Cr in March 2024, compared to 4.00 Cr in March 2023, but the overall financial health remains concerning with negative net profits and a deteriorating book value per share.