How has been the historical performance of JTEKT India?

Answer:The historical performance of JTEKT India shows a positive trend in net sales and profitability over recent years. Breakdown: JTEKT India's net sales increased significantly from INR 1,332.97 crore in March 2021 to INR 2,043.93 crore in March 2023, reflecting a robust growth trajectory. The total operating income followed a similar pattern, rising from INR 1,332.97 crore in March 2021 to INR 2,043.93 crore in March 2023. However, the raw material costs also surged, reaching INR 1,451.38 crore in March 2023 from INR 923.62 crore in March 2021. Despite this increase in costs, the operating profit (PBDIT) improved from INR 108.19 crore in March 2021 to INR 195.37 crore in March 2023, indicating better operational efficiency. The profit before tax also saw a substantial rise, moving from INR 20.51 crore in March 2021 to INR 114.18 crore in March 2023, while the profit after tax increased from INR 13.69 crore to INR 87.12 crore in the same period. The consolidated net profit grew from INR 11.73 crore in March 2021 to INR 81.37 crore in March 2023. On the balance sheet, total assets rose from INR 929.02 crore in March 2021 to INR 1,062.03 crore in March 2023, while total liabilities increased from INR 929.02 crore to INR 1,062.03 crore, reflecting a consistent growth in the company's financial position. Cash flow from operating activities was INR 95 crore in March 2023, down from INR 107 crore in March 2022, indicating a slight decrease in cash generation efficiency. Overall, JTEKT India has demonstrated significant growth in sales and profitability, although it faces challenges with rising costs and cash flow management.