How has been the historical performance of Rathi Steel?

Answer:The historical performance of Rathi Steel shows a significant decline in financial health from March 2012 to March 2013, marked by a drop in net sales from 936.66 crore to 808.43 crore. The total operating income also decreased correspondingly, leading to an operating profit (PBDIT) that fell from 86.25 crore to a loss of 77.54 crore. This decline in profitability is further reflected in the profit before tax, which shifted from a positive 10.17 crore in March 2012 to a loss of 155.67 crore in March 2013. Consequently, the profit after tax also turned negative, dropping from 12.38 crore to a loss of 110.05 crore. The earnings per share (EPS) mirrored this downturn, falling from 3.95 to -35.15. Additionally, the operating profit margin and profit after tax margin both turned negative, indicating a severe deterioration in operational efficiency and overall profitability.

Breakdown:
Rathi Steel's financial results from March 2012 to March 2013 reveal a troubling trend, with net sales decreasing from 936.66 crore to 808.43 crore and total operating income following suit. The company's expenditure rose, leading to an operating loss of 77.54 crore compared to a profit of 86.25 crore the previous year. Interest expenses increased slightly, contributing to a significant loss before tax of 155.67 crore, compared to a profit of 10.17 crore in the prior year. The net profit also fell sharply, resulting in a loss of 110.05 crore, while the EPS plummeted from 3.95 to -35.15. This financial distress is further illustrated by the negative operating profit margin of -9.95% and a PAT margin of -13.61%, indicating a critical decline in the company's financial stability and performance.