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 manufacturing expenses of 50.42 Cr and an increase in employee costs to 3.44 Cr. As a result, the operating profit (PBDIT) plummeted to -59.09 Cr, compared to a positive 13.50 Cr in March 2024. The profit before tax also reflected this downturn, dropping to -66.68 Cr from 12.76 Cr, leading to a profit after tax of -51.48 Cr, down from 10.70 Cr. The earnings per share (EPS) turned negative at -15.54, contrasting with a positive 9.01 in the prior year. The operating profit margin and PAT margin both experienced drastic declines, indicating severe operational challenges. Despite these losses, the company reported a net cash inflow of 7.00 Cr for the year, compared to no inflow in the previous year, suggesting some liquidity improvement amidst the overall financial distress.