How has been the historical performance of Lynx Machinery?

Answer:The historical performance of Lynx Machinery shows a consistent trend of zero net sales and zero other operating income from March 2016 to March 2023. The total operating income has remained at zero throughout this period, with the only notable expense being employee costs, which decreased from 0.11 Cr in March 2021 to 0.05 Cr in March 2023. The total expenditure, excluding depreciation, has also shown a decline from 0.65 Cr in March 2016 to 0.44 Cr in March 2023. Operating profit (PBDIT) has been negative across all years, worsening from -0.48 Cr in March 2016 to -0.43 Cr in March 2023. The profit before tax and profit after tax figures have similarly reflected losses, with the latter reaching -0.54 Cr in March 2023. The earnings per share have also been negative, with -9.0 reported in March 2023. The company's reserves have significantly deteriorated, showing a negative balance of -1,126.90 Cr in March 2023, compared to a positive reserve of 1.54 Cr in March 2016.

Breakdown:
Lynx Machinery has not generated any revenue over the years, with net sales and other operating income consistently at zero from March 2016 to March 2023. The company has incurred minimal employee costs, which have decreased over time, while total expenditure has also declined, indicating reduced operational activity. Despite these reductions, the operating profit has remained negative, reflecting ongoing financial struggles. The losses have compounded, leading to a significant negative reserve by March 2023, highlighting the company's deteriorating financial health. Earnings per share have also been negative, indicating a lack of profitability. Overall, Lynx Machinery's financial performance has shown no signs of recovery or growth over the observed period.