How has been the historical performance of Panjon?

Answer:The historical performance of Panjon shows significant fluctuations in its financial metrics over the years, particularly in net sales and profitability.

Breakdown:
Panjon's net sales have shown a remarkable increase from Mar'23 to Mar'25, rising from 6.09 Cr to 30.46 Cr, with a notable jump from 12.55 Cr in Mar'24. However, the company experienced a decline in total operating income in Mar'22, which was 8.73 Cr, compared to 14.87 Cr in Mar'21, before recovering in subsequent years. The total expenditure, excluding depreciation, also increased significantly, reaching 29.84 Cr in Mar'25 from 12.59 Cr in Mar'24. Operating profit, which was negative in Mar'22 at -3.75 Cr, turned positive in Mar'25 at 0.93 Cr, indicating a recovery in operational efficiency. Profit before tax followed a similar trend, improving from -4.01 Cr in Mar'22 to 0.53 Cr in Mar'25. The profit after tax also reflected this positive trajectory, moving from -4.01 Cr in Mar'22 to 0.53 Cr in Mar'25. Despite these improvements, the company's reserves have remained negative, indicating ongoing financial challenges. The earnings per share (EPS) have increased from -2.59 in Mar'22 to 0.31 in Mar'25, reflecting a turnaround in profitability. Overall, while Panjon has shown signs of recovery in sales and profitability, it continues to face challenges with its reserves and overall financial stability.