How has been the historical performance of Indian Phosphate?

Answer:The historical performance of Indian Phosphate shows a decline in profitability despite an increase in net sales.

Breakdown:
In the fiscal year ending March 2025, Indian Phosphate reported net sales of 884.03 Cr, up from 714.87 Cr in March 2024. However, total expenditure also rose significantly to 865.15 Cr from 692.79 Cr, primarily driven by increased raw material costs, which climbed to 759.42 Cr from 653.69 Cr. Operating profit (PBDIT) decreased to 20.69 Cr from 24.73 Cr, leading to a profit before tax of 10.58 Cr, down from 17.78 Cr the previous year. Consequently, profit after tax fell to 7.31 Cr from 12.10 Cr, resulting in a decrease in earnings per share to 3.48 from 7.21. The operating profit margin declined to 2.14% from 3.09%, and the PAT margin also decreased to 0.83% from 1.69%. On the balance sheet, total liabilities increased to 290.78 Cr from 253.85 Cr, while total assets rose to the same figure, indicating a stable asset base despite the challenges in profitability. Cash flow from operating activities improved to 10.00 Cr from a negative 33.00 Cr, reflecting better operational efficiency, although cash flow from investing activities remained negative at -36.00 Cr. Overall, while sales growth was evident, profitability and margins faced significant pressure.