How has been the historical performance of Cedaar Textile?
Cedaar Textile experienced significant growth from March 2023 to March 2024, with net sales rising to 189.68 Cr, operating profit increasing to 30.14 Cr, and profit after tax growing to 11.05 Cr, alongside improved cash flow and a stronger balance sheet. The earnings per share also surged from 6.12 to 14.73, indicating robust financial performance.
Answer:The historical performance of Cedaar Textile shows significant growth in various financial metrics from March 2023 to March 2024.Breakdown:
Cedaar Textile's net sales increased from 160.25 Cr in March 2023 to 189.68 Cr in March 2024, reflecting a positive trend in total operating income, which also rose to 189.68 Cr from 160.25 Cr. The raw material cost slightly increased to 144.53 Cr from 140.45 Cr, while the decrease in stocks improved significantly from -19.67 Cr to -4.70 Cr. Employee costs decreased from 9.53 Cr to 8.61 Cr, and other expenses fell from 14.30 Cr to 12.42 Cr, contributing to an operating profit (PBDIT) that surged from 17.27 Cr to 30.14 Cr. Profit before tax rose to 14.99 Cr from 6.45 Cr, leading to a profit after tax increase from 4.59 Cr to 11.05 Cr. The earnings per share (EPS) also saw substantial growth, rising from 6.12 to 14.73. On the balance sheet, total liabilities increased to 198.23 Cr from 175.84 Cr, while total assets grew to 198.23 Cr from 175.84 Cr, indicating a stable financial position. The book value per share adjusted increased from 18.91 to 33.65. Cash flow from operating activities improved from -1.00 Cr to 4.00 Cr, showcasing better cash management. Overall, Cedaar Textile demonstrated a strong upward trajectory in its financial performance over the year.
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