How has been the historical performance of Skyline Millars?
Skyline Millars has experienced significant fluctuations in financial performance, with net sales increasing to 2.13 Cr in March 2025 from 0.15 Cr in March 2023, but facing ongoing losses and negative cash flow, reflecting a decline from a peak profitability of 3.10 Cr in March 2021. Total assets decreased to 26.02 Cr in March 2025, indicating ongoing financial challenges.
Answer:The historical performance of Skyline Millars shows significant fluctuations in revenue and profitability over the years.Breakdown:
Skyline Millars reported net sales of 2.13 Cr in March 2025, a notable increase from 0.00 Cr in March 2024 and 0.15 Cr in March 2023, but a decline from 4.24 Cr in March 2021. The total operating income mirrored this trend, reaching 2.13 Cr in March 2025, compared to 0.00 Cr in the previous year. However, the company faced rising total expenditure, which increased to 2.87 Cr in March 2025 from 1.40 Cr in March 2024, leading to an operating profit (PBDIT) of -0.19 Cr in March 2025, an improvement from -0.94 Cr in March 2024 but down from 3.10 Cr in March 2021. Profit after tax also remained negative at -0.19 Cr in March 2025, reflecting a downward trend from 2.75 Cr in March 2021. The company's total assets decreased to 26.02 Cr in March 2025 from 27.23 Cr in March 2024, while total liabilities also fell to 26.02 Cr in March 2025. Cash flow from operating activities was negative at -2.00 Cr in March 2025, indicating ongoing challenges in generating cash from core operations. Overall, Skyline Millars has experienced a volatile financial performance, with significant losses in recent years following a peak in profitability in 2021.
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