How has been the historical performance of HMT?

Answer:The historical performance of HMT shows a declining trend in net sales and profitability over the years, with significant fluctuations in financial metrics.

Breakdown:
HMT's net sales have decreased from 262.77 Cr in Mar'19 to 142.31 Cr in Mar'25, indicating a downward trend in revenue generation. The total operating income followed a similar pattern, dropping from 262.77 Cr in Mar'19 to 142.31 Cr in Mar'25. The company's total expenditure, excluding depreciation, has remained relatively high, peaking at 298.93 Cr in Mar'20 and slightly declining to 267.64 Cr in Mar'25. Operating profit, which has been negative since Mar'20, worsened from -12.19 Cr in Mar'19 to -125.33 Cr in Mar'25. The profit before tax also showed a negative trend, moving from -34.95 Cr in Mar'19 to -140.06 Cr in Mar'25. Consequently, the profit after tax has remained negative, with a loss of -143.05 Cr reported in Mar'25 compared to a profit of 2,550.77 Cr in Mar'24, which was an anomaly due to exceptional items. The company's total liabilities decreased from 718.03 Cr in Mar'19 to 603.60 Cr in Mar'24, while total assets also fell from 696.14 Cr in Mar'23 to 603.60 Cr in Mar'24. Cash flow from operating activities has been negative in recent years, with -846.00 Cr in Mar'24, reflecting ongoing operational challenges. Overall, HMT's financial performance indicates significant struggles in maintaining profitability and managing costs effectively.