How has been the historical performance of Avasara Finance?

Answer:The historical performance of Avasara Finance shows a declining trend in net sales and profitability over the years, culminating in a significant loss in the most recent fiscal year.

Breakdown:
Avasara Finance reported net sales of 0.00 Cr in March 2025, a decrease from 0.23 Cr in March 2022 and 0.63 Cr in March 2021, with the highest sales recorded at 1.05 Cr in March 2020. The total operating income mirrored this decline, dropping to 0.00 Cr in March 2025 from 0.23 Cr in March 2022. The company's total expenditure, excluding depreciation, was 0.45 Cr in March 2025, which was lower than the 0.59 Cr in March 2022 but higher than the 0.35 Cr in March 2021. Operating profit (PBDIT) turned negative at -0.45 Cr in March 2025, compared to a positive 0.28 Cr in March 2021. Profit before tax also fell to -0.45 Cr in March 2025 from 0.27 Cr in March 2021, and profit after tax followed suit, reaching -0.45 Cr in March 2025. The company's reserves have been negative, standing at -2.99 Cr in March 2025, indicating ongoing financial challenges. Total assets decreased to 2.48 Cr in March 2025 from 3.06 Cr in March 2024, while total liabilities were recorded at 2.48 Cr in March 2025. The cash flow statements indicated no cash inflow or outflow for the recent years, reflecting a stagnant operational status. Overall, Avasara Finance has faced significant financial difficulties, leading to a complete halt in revenue generation by March 2025.