How has been the historical performance of HMT?
HMT's historical performance shows declining net sales and operating income, with consistent negative operating profits and cash flow challenges. Despite reporting a net profit of INR 2,550.77 crore in March 2024 due to exceptional items, the company faces ongoing financial difficulties.
Answer:The historical performance of HMT shows significant fluctuations in key financial metrics over the years.Breakdown:
HMT's net sales have seen a decline from INR 260.30 crore in March 2020 to INR 163.39 crore in March 2024, with a notable drop from INR 203.81 crore in March 2023. The total operating income followed a similar trend, decreasing to INR 163.39 crore in March 2024 from INR 203.81 crore in the previous year. The company has consistently reported negative operating profits, with an operating profit of -110.64 crore in March 2024, worsening from -93.92 crore in March 2023. The profit before tax also remained negative, at -133.01 crore in March 2024, compared to -116.79 crore in March 2023. Despite these losses, HMT reported a net profit of INR 2,550.77 crore in March 2024, largely due to exceptional items. Total liabilities decreased to INR 603.60 crore in March 2024 from INR 696.14 crore in March 2023, while total assets also fell to INR 603.60 crore from INR 696.14 crore. The cash flow from operating activities was negative at -846.00 crore in March 2024, indicating ongoing challenges in generating cash from core operations. Overall, HMT's financial performance reflects a challenging environment with declining revenues and persistent losses, although it achieved a significant net profit in the latest fiscal year due to extraordinary items.
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