How has been the historical performance of Libord Finance?
Libord Finance has shown fluctuating net sales, increasing from 0.59 Cr in March 2022 to 0.76 Cr in March 2024, with a notable recovery in net profit to 1.98 Cr in March 2024. Despite a decline in operating profit, profit before tax and profit after tax improved significantly, indicating a strong financial turnaround.
Answer:The historical performance of Libord Finance shows a fluctuating trend in net sales and profitability over the years, with a notable increase in net profit in the most recent fiscal year.Breakdown:
Libord Finance's net sales have gradually increased from 0.59 Cr in March 2022 to 0.76 Cr in March 2024, although they peaked at 1.53 Cr in March 2020. The total operating income followed a similar trend, reaching 0.76 Cr in March 2024. The company's total expenditure, excluding depreciation, also rose to 0.76 Cr in March 2024 from 0.42 Cr in March 2022. Operating profit, however, has seen a decline, dropping to 0.00 Cr in March 2024 from 0.30 Cr in March 2023. Despite this, the profit before tax improved to 0.26 Cr in March 2024, up from 0.11 Cr in the previous two years. The profit after tax also increased significantly to 0.20 Cr in March 2024, compared to 0.08 Cr in March 2023. The consolidated net profit surged to 1.98 Cr in March 2024, a recovery from previous losses, indicating a strong turnaround. Total assets grew to 18.45 Cr in March 2024, while total liabilities increased to 18.45 Cr as well, reflecting a stable financial position. The earnings per share rose to 1.26 in March 2024, marking a significant improvement from previous years.
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