How has been the historical performance of HLV?

Answer:The historical performance of HLV shows significant fluctuations over the years, particularly in net sales and profitability. In March 2020, net sales were reported at 145.68 Cr, a decrease from 154.34 Cr in March 2019 and a notable drop from 698.02 Cr in March 2017. The total operating income mirrored this trend, with a decline to 145.68 Cr in 2020 from 154.34 Cr in 2019. The total expenditure, excluding depreciation, increased to 182.63 Cr in 2020 from 156.69 Cr in 2019, leading to an operating profit (PBDIT) of -30.44 Cr in 2020, down from 1.83 Cr in 2019. The profit before tax also worsened, resulting in -20.19 Cr in 2020 compared to -37.80 Cr in 2019. The profit after tax for 2020 was -20.19 Cr, an improvement from -37.80 Cr in 2019, indicating a slight recovery despite ongoing losses. The consolidated net profit turned positive at 193.71 Cr in 2020 after being negative in previous years. The earnings per share (EPS) improved to 3.07 in 2020 from -1.89 in 2019.

In terms of assets and liabilities, total assets decreased significantly to 659.70 Cr in March 2020 from 4,188.77 Cr in March 2019, while total liabilities also fell to 659.70 Cr from 4,188.77 Cr in the same period. The company’s cash flow from operating activities was 138.00 Cr in 2020, down from 209.00 Cr in 2019, while cash flow from investing activities surged to 3,823.00 Cr, indicating substantial investment activity. However, cash flow from financing activities saw a significant outflow of -3,976.00 Cr in 2020, leading to a net cash outflow of -13.00 Cr. Overall, HLV's performance reflects a challenging environment with significant restructuring and operational adjustments over the years.

Breakdown:
HLV's financial performance has been marked by considerable volatility, particularly in net sales, which decreased from 154.34 Cr in March 2019 to 145.68 Cr in March 2020, following a peak of 698.02 Cr in March 2017. This decline in revenue was accompanied by an increase in total expenditure, which rose to 182.63 Cr in 2020, resulting in an operating profit of -30.44 Cr, down from a slight profit of 1.83 Cr in the previous year. The company reported a profit before tax of -20.19 Cr in 2020, an improvement from -37.80 Cr in 2019, while the profit after tax also showed a similar trend, reflecting a loss of -20.19 Cr in 2020 compared to -37.80 Cr in 2019. The consolidated net profit turned positive at 193.71 Cr in 2020, a significant recovery from the previous years' losses. On the balance sheet, total assets and liabilities both decreased dramatically to 659.70 Cr in March 2020, indicating a major contraction in the company's financial structure. Cash flow from operating activities was 138.00 Cr, while cash flow from investing activities surged to 3,823.00 Cr, suggesting aggressive investment strategies despite the overall cash outflow of -13.00 Cr for the year.