How has been the historical performance of Richfield Fin?
Richfield Fin showed strong growth from March 2016 to March 2017, with net sales increasing from 0.55 Cr to 0.72 Cr and profit after tax rising from 0.04 Cr to 0.23 Cr. Key metrics like EPS improved significantly, while cash flow from operating activities turned positive at 1.97 Cr.
Answer:The historical performance of Richfield Fin shows a positive trend in net sales and profitability from March 2016 to March 2017.Breakdown:
In March 2017, Richfield Fin reported net sales of 0.72 Cr, an increase from 0.55 Cr in March 2016. The total operating income also rose to 0.72 Cr from 0.55 Cr, with total expenditure increasing to 0.70 Cr from 0.49 Cr. Operating profit (PBDIT) excluding other income improved to 0.02 Cr from 0.06 Cr, while total operating profit including other income surged to 0.24 Cr from 0.06 Cr. Profit before tax increased significantly to 0.24 Cr from 0.05 Cr, leading to a profit after tax of 0.23 Cr compared to 0.04 Cr the previous year. The earnings per share (EPS) rose to 0.61 from 0.1, and the profit after tax margin improved to 31.48% from 6.72%. However, cash flow from operating activities showed a positive trend at 1.97 Cr, up from a negative 0.03 Cr in the previous year, although cash flow from investing activities was negative at -2.07 Cr. Overall, Richfield Fin demonstrated strong growth in sales and profitability metrics in the year ending March 2017.
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