How has been the historical performance of FGP?
FGP's historical performance showed a significant recovery in the fiscal year ending March 2009, with a profit before tax of 6.43 Cr compared to a loss of -5.40 Cr the previous year, and an earnings per share increase to 5.4 from -4.54, despite challenges in cash flow. Total operating income rose to 0.86 Cr, while the operating profit margin improved to -23.08%.
Answer:The historical performance of FGP shows significant changes between the fiscal years ending March 2008 and March 2009.Breakdown:
In the fiscal year ending March 2009, FGP reported net sales of 0.19 Cr, unchanged from the previous year, while other operating income increased to 0.67 Cr from 0.00 Cr, resulting in total operating income of 0.86 Cr, up from 0.19 Cr. Total expenditure, excluding depreciation, rose to 1.06 Cr from 0.70 Cr. Consequently, the operating profit (PBDIT) excluding other income improved to -0.20 Cr from -0.51 Cr, and the overall operating profit (PBDIT) turned positive at -0.20 Cr compared to 0.00 Cr in the prior year. The company experienced a significant turnaround in profit before tax, achieving 6.43 Cr compared to a loss of -5.40 Cr in the previous year, leading to a profit after tax of 6.42 Cr, a notable recovery from -5.40 Cr. The earnings per share (EPS) also reflected this positive trend, increasing to 5.4 from -4.54. The operating profit margin, although negative, improved to -23.08% from -274.33%, and the profit after tax margin surged to 748.6% from -2889.3%. In terms of cash flow, the net cash outflow was -0.40 Cr in March 2009, compared to a net inflow of 0.56 Cr in March 2008, with closing cash and cash equivalents at 1.24 Cr, down from 1.59 Cr. Overall, FGP's financial performance in March 2009 indicates a recovery in profitability metrics despite challenges in cash flow.
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