How has been the historical performance of Patels Airtemp?
Patels Airtemp has shown consistent growth in net sales and profits, with net sales increasing from 237.42 crore in March 2020 to 370.76 crore in March 2024, and profit after tax rising from 11.31 crore to 14.76 crore during the same period. The company's operating profit and earnings per share also improved significantly, reflecting strong overall financial performance.
Answer:The historical performance of Patels Airtemp shows a consistent growth trend in net sales and profit over the years, with significant increases noted in the most recent fiscal year ending March 2024.Breakdown:
Patels Airtemp's net sales have risen from 237.42 crore in March 2020 to 370.76 crore in March 2024, reflecting a strong upward trajectory. The total operating income followed a similar pattern, reaching 370.76 crore in March 2024, up from 255.40 crore in March 2021. The company's operating profit (PBDIT) also increased, showing a rise from 24.92 crore in March 2020 to 37.13 crore in March 2024. Profit before tax improved from 14.79 crore in March 2020 to 20.21 crore in March 2024, while profit after tax reached 14.76 crore in March 2024, up from 11.31 crore in March 2020. The earnings per share (EPS) grew from 22.31 in March 2020 to 26.98 in March 2024. On the balance sheet, total assets increased from 260.60 crore in March 2020 to 370.67 crore in March 2024, with total liabilities also rising from 260.60 crore to 370.67 crore during the same period. Cash flow from operating activities improved significantly, moving from a negative 12 crore in March 2022 to 11 crore in March 2024. Overall, Patels Airtemp has demonstrated robust growth in sales, profits, and asset management over the years.
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