How has been the historical performance of JP Associates?

Answer:The historical performance of JP Associates shows a fluctuating trend in net sales and profitability over the years, with significant losses in recent periods.

Breakdown:
JP Associates reported net sales of 7,182.32 Cr in March 2024, a slight decrease from 7,263.12 Cr in March 2023, but an increase from 7,034.13 Cr in March 2022. The total operating income followed a similar pattern, with figures of 7,182.32 Cr in March 2024 and 7,263.12 Cr in March 2023. The company faced rising raw material costs, which were 3,252.41 Cr in March 2024 compared to 3,650.17 Cr in March 2023. Operating profit (PBDIT) decreased significantly to 329.40 Cr in March 2024 from 819.92 Cr in March 2023, reflecting a declining operating profit margin of 2.11% in March 2024, down from 8.6% the previous year. The company reported a profit before tax of -1,545.04 Cr in March 2024, worsening from -797.81 Cr in March 2023, leading to a net profit of -1,583.77 Cr in March 2024, only slightly better than -1,364.22 Cr in March 2023. The earnings per share (EPS) for March 2024 stood at -5.46, consistent with the negative trend observed in previous years. Cash flow from operating activities improved to 1,169.00 Cr in March 2024 from 760.00 Cr in March 2023, contributing to a closing cash balance of 673.00 Cr, up from 330.00 Cr in the previous year. Overall, the financial results indicate ongoing challenges for JP Associates, particularly in profitability, despite some improvements in cash flow.