How has been the historical performance of Pasari Spinning?
Pasari Spinning has reported zero net sales from Mar'19 to Mar'25, but has shown signs of recovery with stable other operating income and improved profitability, transitioning from losses to profits in operating, pre-tax, and after-tax earnings. The company's financial health is gradually improving, as indicated by a positive shift in reserves and book value per share.
Answer:The historical performance of Pasari Spinning shows that the company has not generated any net sales over the past several years, remaining at 0.00 Cr from Mar'19 to Mar'25. However, it has consistently reported other operating income, which has remained stable at 0.69 Cr from Mar'22 to Mar'25, with a slight increase from 0.65 Cr in Mar'21 to 0.69 Cr in Mar'22. Total operating income has also remained unchanged at 0.69 Cr during the same period. The total expenditure, excluding depreciation, has fluctuated, with a notable decrease from 0.85 Cr in Mar'23 to 0.26 Cr in Mar'25. Operating profit (PBDIT) has shown variability, with a loss of 0.16 Cr in Mar'23, recovering to 0.43 Cr in Mar'25. Profit before tax has also improved from a loss of 0.29 Cr in Mar'23 to a profit of 0.34 Cr in Mar'25. Profit after tax followed a similar trend, moving from a loss of 0.27 Cr in Mar'23 to a profit of 0.36 Cr in Mar'25. The company's reserves have shown a gradual improvement, moving from -14.26 Cr in Mar'22 to -13.75 Cr in Mar'25. The book value per share has also improved from -0.53 in Mar'23 to 0.04 in Mar'25, indicating a positive shift in shareholder equity.Breakdown:
Pasari Spinning has consistently reported zero net sales from Mar'19 to Mar'25, while other operating income has remained stable at 0.69 Cr since Mar'22, reflecting a lack of operational growth. The total expenditure has seen a significant drop from 0.85 Cr in Mar'23 to 0.26 Cr in Mar'25, contributing to a recovery in operating profit, which rose from a loss in Mar'23 to a profit of 0.43 Cr in Mar'25. Profit before tax has similarly improved, transitioning from a loss to a profit over the same period. Profit after tax has also shown a positive trend, moving from a loss to a profit. The company's reserves have improved slightly, indicating a gradual recovery in financial health, while the book value per share has turned positive, suggesting a potential turnaround for shareholders. Overall, while Pasari Spinning has faced challenges, recent trends indicate a potential recovery in profitability and financial stability.
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