How has been the historical performance of Reliance Home?

Answer:The historical performance of Reliance Home has shown significant fluctuations over the years, particularly in net sales and profitability. In March 2025, net sales dropped to 0.22 crore from 0.62 crore in March 2024, and a substantial decline from 382.17 crore in March 2023. The total operating income followed a similar trend, decreasing to 0.22 crore in March 2025 from 382.17 crore in the previous year. The company faced considerable challenges, reflected in its operating profit, which was -4.13 crore in March 2025, a stark contrast to the positive 9,292.99 crore in March 2023. Profit before tax also saw a decline, reporting 24.11 crore in March 2025 after a high of 9,013.79 crore in March 2023. The net profit for March 2025 was 24.17 crore, recovering from a loss of 3.55 crore in March 2024, but still significantly lower than the 5,418.58 crore reported in March 2023. The company's total assets decreased to 34.85 crore in March 2023 from 6,549.12 crore in March 2022, indicating a substantial reduction in financial stability. Cash flow from operating activities improved to 4,103 crore in March 2023, compared to -597 crore in March 2022, but the overall cash position weakened with a closing cash balance of 17 crore in March 2023.

Breakdown:
Reliance Home's financial trajectory has been marked by dramatic changes, particularly in net sales, which plummeted from 1,960 crore in March 2019 to just 0.22 crore in March 2025. This decline in revenue was accompanied by a similarly troubling trend in total operating income, which fell from 1,986 crore in March 2019 to 0.22 crore in March 2025. The operating profit margin turned negative, with an operating profit of -4.13 crore in March 2025, following a peak of 9,292.99 crore in March 2023. Profit before tax also reflected this volatility, moving from a high of 9,013.79 crore in March 2023 to 24.11 crore in March 2025. Despite a recovery in net profit to 24.17 crore in March 2025, the company faced significant losses in previous years. The total assets and liabilities also showed a concerning decline, with total assets dropping to 34.85 crore in March 2023 from 6,549.12 crore in March 2022, indicating a severe contraction in the company's financial health. Cash flow from operating activities improved significantly in March 2023, yet the overall cash position remained precarious with a closing balance of only 17 crore.