How has been the historical performance of Atlas Cycles?

Answer:The historical performance of Atlas Cycles shows a declining trend in net sales and profitability over the years, particularly from 2015 to 2019.

Breakdown:
Atlas Cycles experienced a decrease in net sales from INR 586.32 crore in March 2015 to INR 538.36 crore in March 2019. Other operating income also fell significantly, dropping from INR 8.27 crore in March 2015 to zero in March 2019. Consequently, total operating income declined from INR 594.59 crore in March 2015 to INR 538.36 crore in March 2019. The company's total expenditure, excluding depreciation, was INR 613.38 crore in March 2015, which decreased to INR 584.12 crore by March 2019. Operating profit (PBDIT) showed a negative trend, moving from a loss of INR 10.28 crore in March 2015 to a loss of INR 45.20 crore in March 2019. The profit before tax also worsened, with losses increasing from INR 27.98 crore in March 2015 to INR 56.44 crore in March 2019. Profit after tax reflected similar losses, growing from INR 18.95 crore in March 2015 to INR 45.84 crore in March 2019. The company's total assets decreased from INR 272.41 crore in March 2019 to INR 88.14 crore in March 2023, while total liabilities also fell from INR 272.41 crore to INR 88.14 crore during the same period. The cash flow from operating activities remained negative, indicating ongoing financial challenges for the company.