How has been the historical performance of Premier?

Answer:The historical performance of Premier shows a significant decline in net sales and profitability over the years, culminating in zero sales from March 2023 to March 2025. In March 2022, net sales were recorded at 0.39 Cr, down from 2.00 Cr in March 2021 and 9.87 Cr in March 2020. The total operating income followed a similar trend, dropping to 0.39 Cr in March 2022 and subsequently to zero in the following years. The company has consistently reported negative operating profits, with the operating profit (PBDIT) reaching -0.98 Cr in March 2025, an improvement from -85.34 Cr in March 2020, but still indicative of ongoing financial struggles. The profit before tax also remained negative, at -8.14 Cr in March 2025, compared to -195.59 Cr in March 2019. The consolidated net profit has shown a gradual improvement, moving from -196.59 Cr in March 2019 to -8.14 Cr in March 2025. However, the company has negative reserves, which stood at -439.58 Cr in March 2025, and shareholder's funds have also been negative, at -337.92 Cr. Cash flow from operating activities has remained negative since March 2021, with a cash flow of -1.00 Cr in March 2025. The total liabilities decreased to 183.38 Cr in March 2025 from 290.04 Cr in March 2020, while total assets also declined to 183.38 Cr in March 2025.

Breakdown:
Premier's financial performance has been characterized by a consistent decline in net sales, which fell from 16.50 Cr in March 2019 to zero by March 2025. The total operating income mirrored this trend, dropping to zero in the last three years. Operating profits have remained negative, with a slight improvement noted in recent years, moving from -86.01 Cr in March 2020 to -2.05 Cr in March 2025. The profit before tax has also shown a downward trajectory, improving from -195.59 Cr in March 2019 to -8.14 Cr in March 2025. Despite these improvements, the company continues to face significant challenges, as evidenced by negative reserves and shareholder's funds. Cash flow from operating activities has been negative since March 2021, indicating ongoing liquidity issues. Overall, while there are signs of improvement in certain metrics, Premier's financial health remains precarious, with substantial losses and negative equity.