How has been the historical performance of SPARC?

Answer:The historical performance of SPARC shows significant challenges over the past three years, particularly in terms of revenue and profitability.

Breakdown:
SPARC's net sales have declined sharply from 238.78 Cr in March 2023 to 75.55 Cr in March 2024, and further to 71.77 Cr in March 2025. Total operating income followed a similar trend, decreasing from 238.78 Cr in March 2023 to 71.77 Cr in March 2025. The company's total expenditure, excluding depreciation, decreased from 452.84 Cr in March 2023 to 394.91 Cr in March 2025, indicating some cost control efforts. However, operating profit (PBDIT) remained negative, worsening from -203.18 Cr in March 2023 to -321.35 Cr in March 2025. The profit before tax also showed a negative trend, moving from -222.58 Cr in March 2023 to -342.78 Cr in March 2025. Consequently, the profit after tax reflected similar losses, with figures of -222.58 Cr, -387.21 Cr, and -342.51 Cr for the respective years. The company's total liabilities decreased from 830.13 Cr in March 2023 to 333.22 Cr in March 2025, while total assets also fell from 830.13 Cr to 333.22 Cr in the same period. Cash flow from operating activities remained negative, with -360.00 Cr in March 2025, although cash flow from investing activities turned positive at 157.00 Cr. Overall, SPARC's financial performance indicates a trend of declining sales and increasing losses, alongside a significant reduction in total assets and liabilities.