How has been the historical performance of Polo Hotels?

Answer:The historical performance of Polo Hotels shows a significant decline in net sales and profitability over the years, with the latest figures indicating continued losses.

Breakdown:
Polo Hotels reported net sales of 0.05 Cr in March 2023, consistent with the previous year, but down from 0.08 Cr in March 2021 and significantly lower than 1.64 Cr in March 2019. The total operating income mirrored this trend, remaining at 0.05 Cr in March 2023. The company faced increasing total expenditure, which rose to 0.77 Cr in March 2023 from 0.52 Cr in March 2022, leading to an operating profit (PBDIT) of -0.71 Cr for March 2023, a decline from -0.46 Cr in the prior year. Profit before tax also worsened, reaching -0.88 Cr in March 2023 compared to -0.61 Cr in March 2022. Consequently, the profit after tax was -0.88 Cr in March 2023, reflecting a negative trend in profitability since the last reported profit in March 2017. The company's total liabilities increased to 173.48 Cr in March 2023 from 165.04 Cr in March 2022, while total assets also rose to 173.48 Cr, indicating a challenging financial position. Cash flow from operating activities was 3.00 Cr in March 2023, down from 4.00 Cr in March 2022, with a net cash outflow of 0.00 Cr in the latest year. Overall, Polo Hotels has experienced a downward trajectory in both revenue and profitability, with increasing financial pressures evident in their balance sheet.