How has been the historical performance of Longview Tea?
Longview Tea's historical performance has shown fluctuations in net sales and profitability, peaking at 1.36 Cr in Mar'23 before a slight decline to 1.17 Cr in Mar'24. Recent results indicate a recovery, with a net profit of 1.52 Cr in Mar'24, rebounding from previous losses.
Answer:The historical performance of Longview Tea shows fluctuations in net sales and profitability over the years, with a notable recovery in recent periods.Breakdown:
Longview Tea's net sales have varied from 0.00 Cr in Mar'19 to a peak of 1.36 Cr in Mar'23, before declining slightly to 1.17 Cr in Mar'24. The total operating income followed a similar trend, reaching 1.36 Cr in Mar'23 and then decreasing to 1.17 Cr in Mar'24. The company has consistently reported no raw material costs, but the purchase of finished goods increased from 0.55 Cr in Mar'18 to 1.34 Cr in Mar'23, before slightly declining to 1.12 Cr in Mar'24. Employee costs have shown a gradual increase, reaching 0.22 Cr in Mar'24, while other expenses fluctuated, peaking at 2.75 Cr in Mar'21 and dropping to 0.21 Cr in Mar'24. Operating profit (PBDIT) has seen significant volatility, with a high of 5.10 Cr in Mar'22 and a loss of 0.38 Cr in Mar'24. The profit before tax also reflected this trend, with a profit of 1.83 Cr in Mar'24 compared to a loss of 1.88 Cr in Mar'21. The net profit turned positive in Mar'24 at 1.52 Cr, rebounding from a loss of 0.16 Cr in Mar'23. Earnings per share (EPS) improved significantly to 5.07 in Mar'24 after a negative EPS in the previous year. Overall, while Longview Tea has faced challenges, the latest results indicate a recovery in profitability and sales.
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