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 decreasing 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 4.26 crore in March 2022 before dropping to 1.36 crore in 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. Profit before tax has also remained negative, with a loss of -2.10 crore in March 2025, compared to -4.38 crore in March 2019. The net profit has shown a gradual improvement from -4.52 crore in March 2019 to -2.10 crore in March 2025, although it remains in the negative territory. The company's total liabilities have decreased slightly from 804.54 crore in March 2019 to 793.49 crore in March 2024, while total assets have also seen a decline, reflecting the overall downturn in business performance.

Breakdown:
Goenka Diamond's financial performance has been characterized by a steady decline in net sales, which fell from 12.80 crore in March 2020 to 1.36 crore in March 2025. This decline in revenue has been accompanied by persistent losses, with operating profits remaining negative throughout the years, culminating in an operating profit of -1.10 crore in March 2025. The company's profit before tax has also been negative, with a loss of -2.10 crore reported in March 2025. Despite a slight improvement in net profit from -4.52 crore in March 2019 to -2.10 crore in March 2025, the overall financial health remains concerning. Total liabilities have decreased marginally from 804.54 crore in March 2019 to 793.49 crore in March 2024, while total assets have similarly declined, indicating a challenging business environment for Goenka Diamond.