How has been the historical performance of Econo Trade Indi?
Econo Trade Indi experienced significant growth from March 2015 to March 2016, with net sales increasing to 19.79 Cr from 4.40 Cr, and profit after tax rising to 0.30 Cr from 0.10 Cr. The company also improved its cash flow, ending with a positive balance of 0.69 Cr.
Answer:The historical performance of Econo Trade Indi shows significant growth from March 2015 to March 2016.Breakdown:
In the fiscal year ending March 2016, Econo Trade Indi reported net sales of 19.79 Cr, a substantial increase from 4.40 Cr in the previous year. The total operating income also rose to 22.38 Cr from 4.40 Cr, driven by an increase in the purchase of finished goods, which reached 18.90 Cr compared to 5.96 Cr in March 2015. The company's total expenditure, excluding depreciation, increased to 21.94 Cr from 4.18 Cr. Despite this rise in costs, the operating profit (PBDIT) improved to 0.44 Cr from 0.23 Cr, leading to a profit before tax of 0.43 Cr, up from 0.21 Cr. Consequently, the profit after tax also grew to 0.30 Cr from 0.10 Cr, resulting in an earnings per share (EPS) of 0.16, compared to 0.05 in the prior year. The company's total assets increased to 36.97 Cr from 36.59 Cr, while total liabilities remained stable, with no long-term borrowings reported. Cash flow from operating activities showed a positive shift to 3.19 Cr from a negative 2.86 Cr, contributing to a closing cash balance of 0.69 Cr, up from 0.35 Cr. Overall, Econo Trade Indi demonstrated a positive trend in revenue, profit margins, and cash flow during this period.
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