How has been the historical performance of I R F C?

Answer:The historical performance of I R F C shows a consistent growth trajectory in net sales and profitability over the years.

Breakdown:
I R F C's net sales have steadily increased from 10,987.35 Cr in Mar'19 to 27,147.85 Cr in Mar'25, reflecting a strong upward trend. Other operating income, which was negligible in earlier years, has risen to 5.01 Cr by Mar'25. Total operating income has similarly grown, reaching 27,152.86 Cr in Mar'25. The company has maintained a relatively stable operating profit margin, with a slight decline from 30.06% in Mar'22 to 23.96% in Mar'25. Operating profit (PBDIT) has also shown consistent growth, increasing from 2,755.76 Cr in Mar'19 to 6,507.31 Cr in Mar'25. However, interest expenses have risen significantly, from 8,183.06 Cr in Mar'19 to 20,495.09 Cr in Mar'25, leading to a gross profit (PBDT) that remains negative. Despite this, profit before tax has increased from 2,755.34 Cr in Mar'19 to 6,502.00 Cr in Mar'25, and profit after tax has followed a similar trend, reaching 6,502.00 Cr in Mar'25. The company's total liabilities have grown from 2,06,603.61 Cr in Mar'19 to 4,85,082.43 Cr in Mar'24, while total assets have also increased, indicating a robust growth in the company's financial position. Cash flow from operating activities has shown a significant recovery, with a positive cash flow of 7,914.00 Cr in Mar'24, compared to negative figures in previous years. Overall, I R F C has demonstrated strong growth in sales and profitability, despite rising interest expenses and a negative gross profit margin.