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 over the years, indicating no revenue generation from its operations from March 2016 to March 2023. The total operating income has remained at zero, while total expenditure, excluding depreciation, has fluctuated slightly, peaking at 0.59 crore in March 2022 and dropping to 0.44 crore in March 2023. Operating profit, excluding other income, has consistently been negative, with the most recent figure at -0.44 crore in March 2023. The company has also reported a loss before tax of -0.54 crore for the same period. The profit after tax has similarly been negative, at -0.54 crore in March 2023, reflecting ongoing financial challenges.

Breakdown:
Lynx Machinery's financial history reveals a lack of operational revenue, with net sales and other operating income consistently reported as zero from March 2016 to March 2023. The company's total operating income has not changed, remaining at zero, while total expenditure has varied slightly, with a high of 0.59 crore in March 2022 and a decrease to 0.44 crore in March 2023. The operating profit has been negative throughout this period, culminating in -0.44 crore in March 2023. The losses before tax have also been significant, with the latest figure at -0.54 crore, mirroring the profit after tax, which stands at -0.54 crore for the same year. Overall, Lynx Machinery has faced persistent financial difficulties, reflected in its negative earnings per share and deteriorating reserves, which reached -1,126.90 crore in March 2023.