How has been the historical performance of CIE Automotive?
CIE Automotive's historical performance shows a decline in net sales from 9,280.35 Cr in December 2023 to 8,964.07 Cr in December 2024, while profit after tax increased to 817.61 Cr. Despite stable operating profit and total assets, a significant drop in cash flow from operating activities raises concerns about future growth.
Answer:The historical performance of CIE Automotive shows a fluctuating trend in net sales and profits over the years, with net sales reaching 8,964.07 Cr in December 2024, down from 9,280.35 Cr in December 2023. The operating profit (PBDIT) for December 2024 was 1,490.23 Cr, slightly lower than 1,505.90 Cr in the previous year. Profit before tax remained stable at 1,081.97 Cr in December 2024, compared to 1,076.34 Cr in December 2023. However, profit after tax increased to 817.61 Cr from 798.12 Cr, indicating a positive trend in profitability. The company's total assets were reported at 9,748.75 Cr in December 2024, marginally lower than 9,752.58 Cr in December 2023, while total liabilities also saw a slight decrease to 9,748.75 Cr from 9,752.58 Cr. The cash flow from operating activities decreased to 880.00 Cr in December 2024 from 1,383.00 Cr in December 2023, reflecting a decline in cash generation capabilities.Breakdown:
CIE Automotive's net sales have shown a decline from 9,280.35 Cr in December 2023 to 8,964.07 Cr in December 2024, despite a steady operating profit of 1,490.23 Cr in the same period. The profit before tax remained relatively stable, indicating consistent operational performance, while profit after tax showed a slight increase, suggesting improved efficiency in managing expenses. The company's total assets and liabilities both decreased slightly, reflecting a stable financial position. However, the cash flow from operating activities saw a significant decline, indicating potential challenges in cash generation. Overall, while there are positive signs in profitability, the decrease in sales and cash flow raises concerns about future growth prospects.
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