How has been the historical performance of Marinetrans Indi?
Marinetrans Indi experienced a decline in financial performance from March 2023 to March 2024, with net sales dropping from 150.27 crore to 106.34 crore and profit after tax decreasing from 1.53 crore to 0.32 crore, alongside rising debt levels and negative cash flow from operating activities.
Answer:The historical performance of Marinetrans Indi shows a decline in key financial metrics from March 2023 to March 2024.Breakdown:
In the fiscal year ending March 2024, Marinetrans Indi reported net sales of 106.34 crore, a decrease from 150.27 crore in the previous year. Total operating income mirrored this decline, remaining at 106.34 crore, with no other operating income reported. The company's total expenditure, excluding depreciation, also fell to 104.75 crore from 147.79 crore, primarily due to a significant reduction in manufacturing expenses, which dropped from 143.35 crore to 99.22 crore. Operating profit (PBDIT) decreased to 1.72 crore from 2.58 crore, and profit before tax fell sharply to 0.58 crore from 2.08 crore. Consequently, profit after tax saw a significant decline to 0.32 crore from 1.53 crore, leading to an earnings per share (EPS) of 0.25, down from 1.79. The company's total assets increased to 41.91 crore from 26.01 crore, while total liabilities also rose to 41.91 crore from 26.01 crore, indicating a growing debt level. Cash flow from operating activities turned negative at -7.00 crore, contrasting with a neutral cash flow in the previous year, reflecting challenges in operational efficiency.
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