How has been the historical performance of Sainik Finance?

Answer:The historical performance of Sainik Finance shows a decline in key financial metrics from March 2021 to March 2022, with a continued trend of losses in subsequent 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. Total expenditure decreased to 7.35 crore from 9.55 crore, while operating profit (PBDIT) fell to 8.45 crore from 15.28 crore. The company experienced a significant increase in interest expenses, rising to 17.67 crore from 16.84 crore, leading to a gross profit of -9.22 crore, a drop from -1.56 crore in the prior year. Consequently, profit before tax worsened to -9.22 crore from -1.57 crore, and profit after tax fell to -8.13 crore from -0.96 crore. The earnings per share also reflected this downturn, with EPS dropping to -7.47 from -0.88. In terms of cash flow, the company reported a cash flow from operating activities of -46 crore in March 2022, contrasting with a positive cash flow of 11 crore in March 2021. The total liabilities decreased significantly to 257.55 crore in March 2022 from 231.41 crore in March 2021, while total assets also declined to 141.33 crore in March 2025 from 257.55 crore in March 2022. Overall, Sainik Finance's financial performance indicates a challenging period with increasing losses and declining revenues.