How has been the historical performance of Smart Finsec?

Answer:The historical performance of Smart Finsec has shown significant fluctuations over the years, particularly in net sales and profitability.

Breakdown:
Smart Finsec's net sales have experienced a notable decline from INR 50.82 crore in March 2022 to INR 2.37 crore in March 2025. This downward trend is reflected in total operating income, which also decreased from INR 50.82 crore in March 2022 to INR 2.37 crore in March 2025. The company's total expenditure, excluding depreciation, dropped significantly from INR 46.22 crore in March 2022 to INR 0.81 crore in March 2025, indicating a substantial reduction in operational costs. Operating profit (PBDIT) followed a similar pattern, peaking at INR 4.60 crore in March 2022 before falling to INR 1.56 crore in March 2025. Profit before tax also decreased from INR 4.55 crore in March 2022 to INR 1.50 crore in March 2025, while profit after tax saw a decline from INR 3.46 crore to INR 1.17 crore over the same period. The company's total assets increased from INR 13.35 crore in March 2022 to INR 15.73 crore in March 2025, primarily driven by an increase in cash and bank balances. Total liabilities also rose slightly from INR 13.35 crore to INR 15.73 crore, but the company maintained no long-term borrowings. Overall, Smart Finsec's financial performance reflects a challenging period marked by declining sales and profitability, despite some growth in total assets.