How has been the historical performance of Ind Bank Housing?

Answer:The historical performance of Ind Bank Housing shows a consistent decline in financial metrics over the years, particularly from March 2021 to March 2025. The company reported net sales of 0.36 Cr in March 2021, which dropped to zero in the subsequent years, indicating a complete halt in revenue generation by March 2025. Total operating income followed the same trend, peaking at 0.36 Cr in March 2021 and falling to zero by March 2025. Operating profit, which was positive at 2.75 Cr in March 2020, turned negative in subsequent years, reaching -0.30 Cr by March 2025. Profit before tax and profit after tax also reflected this downward trajectory, with losses increasing from -0.19 Cr in March 2021 to -0.31 Cr in March 2025. The company's reserves have significantly deteriorated, showing a negative balance of -129.88 Cr in March 2025 compared to a positive reserve of 5.83 Cr in March 2021. The book value per share has also declined sharply, reaching -120.87 in March 2025. Cash and cash equivalents decreased from 5.60 Cr in March 2020 to 3.00 Cr in March 2025, further illustrating the company's financial struggles.

Breakdown:
Ind Bank Housing's financial performance has been characterized by a significant decline in key metrics over the years. From March 2021, when net sales were 0.36 Cr, the company has seen a complete drop to zero sales by March 2025. Operating income mirrored this decline, falling from 0.36 Cr to zero. The operating profit, which was positive at 2.75 Cr in March 2020, turned negative in the following years, culminating in a loss of -0.30 Cr by March 2025. Profit before tax and profit after tax also worsened, with losses increasing from -0.19 Cr in March 2021 to -0.31 Cr in March 2025. Reserves have plummeted to -129.88 Cr, a stark contrast to the positive reserves of 5.83 Cr in March 2021. The book value per share has similarly declined to -120.87, while cash and cash equivalents decreased from 5.60 Cr in March 2020 to 3.00 Cr in March 2025, indicating a troubling financial trajectory for the company.