How has been the historical performance of IRB Infra. Trust?

Answer:The historical performance of IRB Infra. Trust shows a significant increase in net sales over the past three years, rising from 2,716.16 Cr in Mar'23 to 5,425.89 Cr in Mar'25. Total operating income followed a similar trend, reaching 5,425.89 Cr in Mar'25, compared to 2,716.16 Cr in Mar'23. However, the company has faced challenges with profitability, as evidenced by its operating profit (PBDIT) which, despite increasing to 2,339.35 Cr in Mar'25 from 1,076.06 Cr in Mar'23, still resulted in a profit before tax of -314.58 Cr in Mar'25, indicating ongoing financial struggles. The net profit also remained negative at -304.94 Cr in Mar'25, although this was an improvement from -665.02 Cr in Mar'24. The company's total liabilities increased significantly to 46,314.15 Cr in Mar'25, up from 24,272.27 Cr in Mar'23, while total assets also rose to 46,314.15 Cr in Mar'25 from 24,272.27 Cr in Mar'23. Cash flow from operating activities improved to 2,889.00 Cr in Mar'25, compared to 1,351.00 Cr in Mar'23, reflecting better operational efficiency.

Breakdown:
IRB Infra. Trust's financial metrics indicate a robust growth in net sales and total operating income, with net sales climbing to 5,425.89 Cr in Mar'25 from 2,716.16 Cr in Mar'23. Despite this growth, the company has struggled with profitability, showing a negative profit before tax of -314.58 Cr in Mar'25, although this was an improvement from the previous year. The net profit also showed a reduction in losses, moving from -665.02 Cr in Mar'24 to -304.94 Cr in Mar'25. The company's total liabilities surged to 46,314.15 Cr in Mar'25, reflecting a significant increase in debt, while total assets matched this figure, indicating a balance sheet under pressure. On the cash flow front, the company reported a positive cash flow from operating activities of 2,889.00 Cr in Mar'25, suggesting improved operational performance despite the ongoing challenges in achieving profitability.