How has been the historical performance of India Homes?

Answer:The historical performance of India Homes shows a significant decline in net sales and profitability over the years, culminating in a challenging financial position as of March 2023.

Breakdown:
India Homes experienced a drastic decrease in net sales from 967.29 crore in March 2018 to just 4.71 crore in March 2023. The total operating income followed a similar trend, dropping from 967.29 crore in March 2018 to 4.71 crore in March 2023. The company's total expenditure also decreased significantly, from 966.72 crore in March 2018 to 24.68 crore in March 2023. However, despite this reduction in costs, the operating profit (PBDIT) remained negative, reaching -19.97 crore in March 2023 compared to -0.44 crore in March 2021. The profit before tax showed a similar negative trajectory, with losses increasing from -5.40 crore in March 2019 to -35.92 crore in March 2023. The consolidated net profit also reflected this trend, with losses of -35.92 crore in March 2023 compared to a profit of 4.20 crore in March 2018. The company's total assets decreased from 594.08 crore in March 2019 to 412.65 crore in March 2023, while total liabilities also declined from 594.08 crore to 412.65 crore in the same period. Overall, India Homes has faced significant financial challenges, leading to a deteriorating performance across key metrics over the years.