How has been the historical performance of Innocorp?
Innocorp's historical performance shows a mixed trend, with profit before tax declining from Rs 0.43 crore in March 2007 to Rs 0.13 crore in March 2008, while cash flow improved significantly from negative Rs 1.02 crore to positive Rs 2.05 crore. Overall, net cash inflow increased from Rs 0.02 crore to Rs 1.43 crore during the same period.
Answer:The historical performance of Innocorp shows a mixed trend in its financial metrics over the years.Breakdown:
In the consolidated cash flow results for the years ending March 2007 and March 2008, Innocorp reported a profit before tax of Rs 0.43 crore in March 2007, which decreased to Rs 0.13 crore in March 2008. Adjustments rose significantly from Rs 0.20 crore in March 2007 to Rs 0.49 crore in March 2008. Changes in working capital shifted from a negative Rs 1.66 crore in March 2007 to a positive Rs 1.42 crore in March 2008, leading to a cash flow after changes in working capital that improved from negative Rs 1.02 crore to positive Rs 2.05 crore in the same period. Cash flow from operating activities mirrored this trend, increasing from negative Rs 1.02 crore to positive Rs 2.05 crore. However, cash flow from investing activities saw a decline, moving from a positive Rs 0.50 crore in March 2007 to a negative Rs 1.70 crore in March 2008. Cash flow from financing activities increased from Rs 0.54 crore to Rs 1.07 crore. Overall, the net cash inflow rose from Rs 0.02 crore in March 2007 to Rs 1.43 crore in March 2008, with the closing cash and cash equivalents significantly increasing from Rs 0.19 crore to Rs 1.62 crore.
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