How has been the historical performance of Ashika Credit?

Answer:The historical performance of Ashika Credit shows a significant decline in financial metrics from March 2024 to March 2025.

Breakdown:
In the fiscal year ending March 2025, Ashika Credit reported net sales of 4.24 Cr, a sharp decrease from 18.38 Cr in the previous year. Total operating income mirrored this decline, falling to 4.24 Cr from 18.38 Cr. The company's total expenditure surged to 63.38 Cr, up from 5.04 Cr, primarily driven by increased employee costs and manufacturing expenses. Consequently, the operating profit (PBDIT) plummeted to -59.09 Cr from a positive 13.50 Cr in the prior year. Interest expenses also rose significantly to 7.55 Cr, compared to 0.73 Cr, leading to a profit before tax of -66.68 Cr, a stark contrast to the previous year's profit of 12.76 Cr. The profit after tax reflected a loss of 51.48 Cr, down from a profit of 10.70 Cr. Earnings per share turned negative, dropping to -15.54 from a positive 9.01. The operating profit margin and PAT margin also showed drastic declines, indicating severe operational challenges. Cash flow from operating activities worsened to -390.00 Cr from -24.00 Cr, although cash flow from financing activities improved to 398.00 Cr from 25.00 Cr, resulting in a net cash inflow of 7.00 Cr by the end of March 2025.