How has been the historical performance of Innovative Tech?
Innovative Tech's historical performance shows mixed results, with net sales increasing from 144.38 Cr to 150.03 Cr, but profitability metrics like profit before tax and profit after tax declined. While total assets and cash flow improved, the company faced challenges in maintaining profitability despite growth in sales.
Answer:The historical performance of Innovative Tech shows a mixed trend in key financial metrics over the years.Breakdown:
Innovative Tech's net sales increased from 144.38 Cr in March 2019 to 150.03 Cr in March 2020, reflecting a growth trend. However, total operating income showed a slight increase from 144.38 Cr to 150.03 Cr during the same period. The total expenditure also rose from 121.89 Cr in March 2019 to 127.60 Cr in March 2020. Operating profit (PBDIT) slightly decreased from 23.61 Cr to 24.03 Cr, while profit before tax fell from 4.35 Cr to 2.82 Cr, indicating a decline in profitability. Profit after tax also decreased from 2.67 Cr to 2.01 Cr. The net profit showed an increase from 2.67 Cr to 4.27 Cr, while earnings per share rose from 1.22 to 1.90. On the balance sheet, total assets increased from 117.47 Cr to 122.97 Cr, and total liabilities rose from 117.47 Cr to 122.97 Cr. The cash flow from operating activities improved from 23.00 Cr to 36.00 Cr, while the net cash inflow increased from 0.00 Cr to 1.00 Cr. Overall, the company demonstrated growth in sales and cash flow, but faced challenges in profitability metrics.
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