How has been the historical performance of Space Incubatric?
Space Incubatric has experienced fluctuating performance, with net sales remaining at 0.00 Cr for the last two years after peaking at 0.50 Cr in Mar'22. While the company showed some recovery in profitability metrics in Mar'24, it continues to struggle with sales generation and cash flow management.
Answer:The historical performance of Space Incubatric shows a fluctuating trend with periods of both losses and marginal profits over the years.Breakdown:
Space Incubatric reported net sales of 0.00 Cr in both Mar'24 and Mar'23, a decline from 0.50 Cr in Mar'22. The total operating income mirrored this trend, remaining at 0.00 Cr for the last two years after peaking at 0.50 Cr in Mar'22. The company's total expenditure decreased to 0.36 Cr in Mar'24 from 0.49 Cr in Mar'23, with employee costs showing a slight increase to 0.20 Cr in Mar'24. Operating profit (PBDIT) was positive at 0.09 Cr in Mar'24, a recovery from a loss of 0.49 Cr in Mar'23. The profit before tax improved to 0.03 Cr in Mar'24 from a loss of 5.28 Cr in the previous year, while profit after tax also turned positive at 0.03 Cr compared to a significant loss of 5.28 Cr in Mar'23. The total assets decreased to 9.10 Cr in Mar'24 from 9.19 Cr in Mar'23, and total liabilities slightly decreased to 9.10 Cr from 9.19 Cr. The cash flow from operating activities was 0.00 Cr in Mar'24, consistent with the previous year, while cash flow from financing activities showed a negative trend at -20.00 Cr in Mar'23. Overall, the company has shown some recovery in profitability metrics but continues to face challenges in generating sales and managing its cash flow effectively.
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