How has been the historical performance of Goenka Diamond?

Answer:The historical performance of Goenka Diamond shows a significant decline in net sales and profitability over the years, with net sales dropping from 12.80 crore in March 2020 to just 1.36 crore in March 2025. The total operating income has followed a similar trend, peaking at 12.80 crore in March 2020 and decreasing to 1.36 crore by March 2025. The company has consistently reported negative operating profits, with the operating profit margin excluding other income reaching -81.62% in March 2025, indicating severe operational challenges. The net profit has also remained negative, with a loss of 2.10 crore reported in March 2025, compared to a loss of 4.52 crore in March 2019. Despite the decline in revenues, the company's expenditure has not decreased proportionately, leading to sustained losses.

Breakdown:
Goenka Diamond's financial performance has shown a troubling trajectory, characterized by a steep decline in net sales from 12.80 crore in March 2020 to 1.36 crore in March 2025. This decline in revenue is mirrored by total operating income, which also fell from 12.80 crore to 1.36 crore over the same period. The company's total expenditure, while fluctuating, has not decreased sufficiently to offset the declining income, resulting in negative operating profits that peaked at -1.10 crore in March 2025. The operating profit margin has deteriorated significantly, reaching -81.62% in March 2025. The net profit figures reflect ongoing financial distress, with losses of 2.10 crore in March 2025 compared to 4.52 crore in March 2019. Overall, Goenka Diamond has faced substantial challenges in maintaining profitability and managing operational costs effectively.