How has been the historical performance of Avasara Finance?

Answer:The historical performance of Avasara Finance shows a significant decline in net sales and overall financial health over the years, culminating in a complete cessation of operations by March 2025.

Breakdown:
Avasara Finance's net sales peaked at 1.05 Cr in March 2020 but have since decreased to 0.00 Cr by March 2025. Total operating income followed a similar trend, dropping from 1.05 Cr in March 2020 to 0.00 Cr in March 2025. The company experienced fluctuating operating profits, with a positive operating profit of 0.28 Cr in March 2021, but this turned negative, reaching -0.45 Cr by March 2025. Profit before tax also reflected this downward trajectory, moving from a profit of 0.27 Cr in March 2021 to a loss of -0.45 Cr in March 2025. The company's total assets decreased from 2.64 Cr in March 2021 to 2.48 Cr in March 2025, while total liabilities remained low, with no long-term or short-term borrowings reported in recent years. Cash flow from operating activities has consistently been zero since March 2020, indicating a lack of operational cash generation. Overall, Avasara Finance's financial metrics indicate a troubling decline, leading to a complete halt in operations by March 2025.