How has been the historical performance of Cityman?
Cityman experienced a significant decline in financial performance after peaking in March 2023, with net sales dropping from 11.20 Cr to 0.00 Cr in subsequent years, resulting in increasing losses and negative equity reserves by March 2025.
Answer:The historical performance of Cityman shows significant fluctuations, particularly in revenue and profitability. Breakdown:
Cityman's net sales were recorded at 11.20 Cr in March 2023, but there have been no sales in the subsequent years, with figures of 0.00 Cr for March 2024 and March 2025. The total operating income mirrored this trend, peaking at 11.20 Cr in March 2023 before dropping to 0.00 Cr in the following years. The total expenditure, excluding depreciation, was notably high at 8.01 Cr in March 2023, but decreased to 0.31 Cr by March 2025. Operating profit (PBDIT) was positive at 3.19 Cr in March 2023, but turned negative in subsequent years, reaching -0.31 Cr in March 2025. Profit before tax followed a similar pattern, with a profit of 3.19 Cr in March 2023 turning into a loss of -0.31 Cr by March 2025. Profit after tax also reflected this decline, dropping from 2.99 Cr in March 2023 to -0.31 Cr in March 2025. The company's equity capital remained stable at 11.70 Cr over the years, while reserves showed a negative trend, worsening from -17.60 Cr in March 2023 to -18.27 Cr in March 2025. The book value per share adjusted negatively from -5.04 in March 2023 to -5.61 in March 2025. Overall, Cityman has experienced a dramatic decline in financial performance since its peak in March 2023, with significant losses and no revenue generation in the last two years.
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