How has been the historical performance of IVP?

Answer:The historical performance of IVP shows a fluctuating trend in key financial metrics over the years.

Breakdown:
IVP's net sales have seen a decline from INR 660.95 crore in March 2023 to INR 538.99 crore in March 2025, with a peak in March 2023. Total operating income followed a similar trend, decreasing from INR 660.95 crore in March 2023 to INR 538.99 crore in March 2025. The raw material cost remained relatively stable around INR 436 crore in the last two years, while total expenditure (excluding depreciation) decreased from INR 621.30 crore in March 2023 to INR 513.79 crore in March 2025. Operating profit (PBDIT) also declined from INR 42.49 crore in March 2023 to INR 28.78 crore in March 2025, reflecting a decrease in operating profit margin from 6.0% to 4.68%. Profit before tax dropped from INR 37.95 crore in March 2023 to INR 15.26 crore in March 2025, leading to a profit after tax of INR 11.31 crore in March 2025, down from INR 28.02 crore in March 2023. The company's total assets decreased from INR 383.73 crore in March 2023 to INR 347.57 crore in March 2025, while total liabilities also saw a decline from INR 383.73 crore to INR 347.57 crore in the same period. Cash flow from operating activities turned negative in March 2025 at INR -2.00 crore, contrasting with positive cash flows in previous years. Overall, IVP's financial performance indicates challenges in maintaining revenue and profitability while managing costs effectively.