How has been the historical performance of Sainik Finance?
Sainik Finance has experienced a decline in key financial metrics over the past two years, with net sales dropping from 20.79 crore in March 2021 to 15.62 crore in March 2022, and a significant loss in profit before tax, resulting in negative earnings per share of -7.47. Additionally, cash flow from operating activities turned negative at -46 crore, indicating operational challenges.
Answer:The historical performance of Sainik Finance shows a decline in key financial metrics over the past two years.Breakdown:
In the fiscal year ending March 2022, Sainik Finance reported net sales of 15.62 crore, down from 20.79 crore in March 2021. The total operating income mirrored this decline, remaining at 15.62 crore in March 2022 compared to 20.79 crore the previous year. Operating profit before interest and taxes (PBDIT) also decreased to 8.45 crore from 15.28 crore, while the profit before tax fell significantly to -9.22 crore from -1.57 crore. Consequently, the profit after tax dropped to -8.13 crore from -0.96 crore in the prior year. The earnings per share (EPS) reflected this downturn, falling to -7.47 from -0.88. Additionally, the company's total liabilities decreased to 257.55 crore in March 2022 from 231.41 crore in March 2021, while total assets also fell to 257.55 crore from 231.41 crore. Cash flow from operating activities turned negative at -46 crore in March 2022, compared to a positive 11 crore in March 2021, indicating a significant cash flow challenge. Overall, Sainik Finance's financial performance has shown a downward trend in both profitability and cash flow, signaling potential operational difficulties.
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