How has been the historical performance of Bihar Sponge?

Answer:The historical performance of Bihar Sponge shows significant fluctuations in net sales and profitability over the years.

Breakdown:
Bihar Sponge's net sales increased from INR 22.09 crore in March 2021 to INR 319.42 crore in March 2025, although it peaked at INR 463.37 crore in March 2023. The total operating income followed a similar trend, reaching INR 319.42 crore in March 2025 after a decline from the previous year's peak. The raw material cost also rose significantly, peaking at INR 366.57 crore in March 2023 before settling at INR 292.75 crore in March 2025. Despite the growth in sales, the company reported an operating profit (PBDIT) of INR 14.43 crore in March 2025, down from INR 16.36 crore in March 2023, indicating challenges in managing costs. The net profit showed a positive trend, increasing from a loss of INR 0.83 crore in March 2020 to INR 10.39 crore in March 2025. The earnings per share (EPS) improved from a loss of INR 0.09 in March 2020 to INR 1.15 in March 2025. However, the operating profit margin remained negative at -4.85% in March 2025, reflecting ongoing operational challenges. The cash flow from operating activities was positive at INR 19 crore in March 2024, indicating some recovery in cash generation despite previous losses. Overall, while Bihar Sponge has shown growth in sales and profitability, it faces challenges in maintaining margins and managing costs effectively.