How has been the historical performance of Space Incubatric?

Answer:The historical performance of Space Incubatric shows a fluctuating trend with significant losses in earlier years, but a recent improvement in profitability.

Breakdown:
Space Incubatric reported net sales of 0.00 Cr in March 2024 and March 2023, with a slight increase to 0.50 Cr in March 2022, indicating a lack of consistent revenue generation. Total operating income followed a similar pattern, remaining at 0.00 Cr for the last two years after peaking at 0.50 Cr in March 2022. The company's total expenditure decreased from 0.97 Cr in March 2022 to 0.36 Cr in March 2024, reflecting a reduction in operational costs. Operating profit, excluding other income, showed a loss of 0.36 Cr in March 2024, an improvement from losses in previous years. The company recorded a profit before tax of 0.03 Cr in March 2024, a recovery from a loss of 5.28 Cr in March 2023. Profit after tax also turned positive at 0.03 Cr in March 2024, compared to a loss of 5.28 Cr the previous year. Total assets decreased from 34.67 Cr in March 2022 to 9.10 Cr in March 2024, while total liabilities also reduced, indicating a tightening of the financial position. Overall, while Space Incubatric has shown signs of recovery in profitability, its historical performance reflects significant challenges in revenue generation and asset management.