How has been the historical performance of Bihar Sponge?

Answer:The historical performance of Bihar Sponge shows significant fluctuations in its financial metrics over the years.

Breakdown:
Bihar Sponge's net sales have shown a notable increase from INR 22.09 crore in March 2021 to INR 319.42 crore in March 2025, although there was a peak of INR 463.37 crore in March 2023. The total operating income followed a similar trend, reaching INR 319.42 crore in March 2025. However, the company has faced challenges with total expenditure, which rose to INR 334.90 crore in March 2025, leading to an operating profit (PBDIT) of -15.48 crore for the same period, reflecting a decline from a profit of 14.11 crore in March 2023. Despite these losses, the profit before tax improved to INR 10.39 crore in March 2025, up from 7.44 crore in March 2024. The net profit also increased to INR 10.39 crore in March 2025, although it was lower than the INR 12.14 crore recorded in March 2023. The company's total assets have grown to INR 182.09 crore in March 2024, while total liabilities stood at INR 182.09 crore, indicating a balance sheet that reflects ongoing financial challenges with negative reserves. Cash flow from operating activities was positive at INR 19 crore in March 2024, contrasting with a negative cash flow of -15 crore in March 2023, suggesting some recovery in operational efficiency. Overall, Bihar Sponge's financial history indicates a volatile performance with periods of growth and significant operational challenges.