How has been the historical performance of IMEC Services?
IMEC Services has experienced a significant decline in net sales and profitability, with net sales dropping from 166.65 Cr in Mar'17 to 36.03 Cr in Mar'22, and continued negative net profits of -4.05 Cr in Mar'22. Despite some improvements in profit before tax, the company has faced substantial financial challenges over the years.
Answer:The historical performance of IMEC Services shows a significant decline in net sales and profitability over the years, culminating in negative figures in recent years.Breakdown:
IMEC Services experienced a notable decrease in net sales from 166.65 Cr in Mar'17 to just 36.03 Cr in Mar'22, with a peak of 505.41 Cr in Mar'16. The total operating income followed a similar trend, dropping from 505.41 Cr in Mar'16 to 36.03 Cr in Mar'22. The company's operating profit (PBDIT) also reflected this downward trajectory, moving from -34.35 Cr in Mar'17 to -0.35 Cr in Mar'22. Profit before tax showed a gradual improvement from -88.16 Cr in Mar'16 to -4.04 Cr in Mar'22, while profit after tax improved from -95.02 Cr in Mar'16 to -4.05 Cr in Mar'22. Despite these improvements, the company continued to report negative net profits, with -4.05 Cr in Mar'22. The total liabilities decreased from 93.97 Cr in Mar'19 to 2.88 Cr in Mar'24, indicating a significant reduction in financial obligations. Cash flow from operating activities remained stagnant, with no cash inflow reported in the last few years. Overall, IMEC Services has faced substantial challenges, leading to a decline in both revenue and profitability over the years.
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