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, culminating in a challenging financial position as of March 2023.

Breakdown:
Polo Hotels has experienced a steady decline in net sales, dropping from 1.68 Cr in March 2018 to just 0.05 Cr in March 2023, with no other operating income recorded throughout this period. Total operating income followed a similar trend, decreasing from 1.74 Cr in March 2017 to 0.05 Cr in March 2023. The company's total expenditure, excluding depreciation, has fluctuated but ultimately increased to 0.77 Cr in March 2023 from 0.52 Cr in March 2022. This rise in expenditure has contributed to an operating profit (PBDIT) of -0.71 Cr in March 2023, a significant decline from a profit of 0.35 Cr in March 2017. The profit before tax has also worsened, reaching -0.88 Cr in March 2023 compared to a slight profit of 0.02 Cr in March 2017. The profit after tax mirrored this trend, resulting in -0.88 Cr in March 2023. The company's total liabilities increased to 173.48 Cr in March 2023, while total assets rose to 173.48 Cr as well, indicating a challenging balance sheet situation. Cash flow from operating activities has decreased to 3.00 Cr in March 2023, down from 7.00 Cr in March 2018, while cash flow from investing activities has seen negative figures, reflecting ongoing financial strain. Overall, Polo Hotels has faced a deteriorating financial performance with increasing losses and declining revenues over the years.