How has been the historical performance of BKV Industries?

Answer:The historical performance of BKV Industries shows a consistent trend in net sales, remaining steady at 0.80 Cr from March 2023 to March 2025, with a gradual increase from 0.70 Cr in March 2022. The total operating income also reflects this stability, matching net sales figures. However, total expenditure has increased significantly, rising from 0.58 Cr in March 2023 to 0.83 Cr in March 2025, primarily driven by rising employee costs, which increased from 0.38 Cr in March 2023 to 0.51 Cr in March 2025. This rise in expenditure has led to a decline in operating profit, which turned negative at -0.03 Cr in March 2025, down from 0.22 Cr in March 2023. Consequently, profit before tax and profit after tax both reported zero in March 2025, following a profitable period in the previous years. The company's net profit has also declined to zero in March 2025, after achieving 0.22 Cr in March 2023.

In terms of balance sheet performance, total liabilities increased slightly from 4.56 Cr in March 2023 to 4.72 Cr in March 2024, while total assets also rose from 4.56 Cr to 4.72 Cr in the same period. The company has maintained no long-term borrowings, and its cash and cash equivalents remained at zero throughout the years. Shareholder's funds have shown a gradual increase, reaching 4.47 Cr in March 2024 from 4.29 Cr in March 2023. The book value per share improved from 0.34 in March 2023 to 0.46 in March 2024, indicating a positive trend in shareholder equity despite the operational challenges faced in recent years.