How has been the historical performance of Max India Ltd?

Answer:The historical performance of Max India Ltd shows a declining trend in net sales and profitability over the past several years, culminating in significant losses in the most recent fiscal year.

Breakdown:
Max India Ltd's net sales have decreased from 201.03 Cr in March 2023 to 145.49 Cr in March 2025, reflecting a downward trend over the years. The total operating income followed a similar pattern, dropping from 229.88 Cr in March 2022 to 145.49 Cr in March 2025. The company's total expenditure, excluding depreciation, has increased significantly, reaching 263.67 Cr in March 2025, up from 194.30 Cr in March 2023. This rise in expenditure has contributed to an operating profit (PBDIT) of -99.50 Cr in March 2025, a stark contrast to the positive operating profit of 19.15 Cr in March 2023. Consequently, the profit before tax has worsened to -139.33 Cr in March 2025 from -1.76 Cr in March 2023, leading to a profit after tax of -141.14 Cr in March 2025. The company's total assets have also declined from 753.40 Cr in March 2023 to 632.85 Cr in March 2025, while total liabilities decreased slightly from 684.34 Cr to 632.85 Cr in the same period. Cash flow from operating activities has remained negative, with a cash outflow of -127.00 Cr in March 2025, indicating ongoing financial challenges for the company.