How has been the historical performance of Chowgule Steam?

Answer:The historical performance of Chowgule Steam has shown significant fluctuations over the years, particularly in net sales and profitability. In March 2023, the company reported net sales of 0.00 Cr, a stark decline from 35.12 Cr in March 2022 and 90.23 Cr in March 2019. The total operating income mirrored this trend, dropping to 0.00 Cr in March 2023 from 35.12 Cr in the previous year. Operating profit (PBDIT) also fell to -0.34 Cr in March 2023, down from 56.41 Cr in March 2022, indicating a severe downturn in operational efficiency. The profit before tax for March 2023 was -1.96 Cr, a significant drop from 46.47 Cr in March 2022, leading to a profit after tax of -1.16 Cr compared to 47.34 Cr the previous year. The company's total liabilities decreased to 45.28 Cr in March 2023 from 48.05 Cr in March 2022, while total assets also fell to 45.28 Cr from 48.05 Cr. Cash flow from operating activities was negative at -2.00 Cr in March 2023, contrasting with a positive 19.00 Cr in March 2022, reflecting a challenging cash position.

Breakdown:
Chowgule Steam's financial performance has deteriorated significantly over the past year, with net sales plummeting to 0.00 Cr in March 2023 from 35.12 Cr in March 2022. This decline in revenue is accompanied by a total operating income of 0.00 Cr, reflecting a complete halt in operational activity. The operating profit (PBDIT) turned negative at -0.34 Cr, a sharp contrast to the previous year's profit of 56.41 Cr, indicating operational challenges. The profit before tax also fell to -1.96 Cr from 46.47 Cr, resulting in a profit after tax of -1.16 Cr compared to 47.34 Cr in the prior year. On the balance sheet, total liabilities decreased to 45.28 Cr, while total assets matched this figure, suggesting a significant contraction in the company's financial base. Furthermore, cash flow from operating activities was negative at -2.00 Cr, highlighting ongoing liquidity issues compared to the positive cash flow of 19.00 Cr in March 2022.