How has been the historical performance of G G Engineering?
G G Engineering's historical performance from March 2019 to March 2023 shows significant sales growth, with net sales rising from INR 22.55 crore in March 2022 to INR 103.98 crore in March 2023, despite increased expenditures leading to an operating loss. However, profit before tax improved to INR 8.26 crore in March 2023, up from INR 0.42 crore the previous year.
Answer:The historical performance of G G Engineering shows significant fluctuations in its financial metrics over the years, particularly from March 2019 to March 2023.Breakdown:
G G Engineering's net sales increased dramatically from INR 22.55 crore in March 2022 to INR 103.98 crore in March 2023, following a dip in the previous years. The total operating income mirrored this trend, rising to INR 103.98 crore in March 2023 from INR 22.55 crore in March 2022. However, the company faced challenges with total expenditure, which surged to INR 106.34 crore in March 2023, leading to an operating profit (PBDIT) of INR -2.36 crore, a decline from INR 1.50 crore in March 2022. Despite these operational challenges, G G Engineering reported a profit before tax of INR 8.26 crore in March 2023, a significant improvement from INR 0.42 crore in March 2022. The profit after tax also rose to INR 7.42 crore from INR 0.61 crore in the previous year. The company's total assets increased to INR 117.54 crore in March 2023, up from INR 29.82 crore in March 2022, while total liabilities also rose to INR 117.54 crore from INR 29.82 crore. Cash flow from operating activities showed a negative trend, with a cash outflow of INR 25 crore in March 2023, although cash flow from financing activities turned positive at INR 49 crore. Overall, G G Engineering's performance reflects a complex landscape of growth in sales and profits alongside rising expenditures and liabilities.
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