How has been the historical performance of String Metaverse?
String Metaverse experienced significant growth, reporting net sales of 151.21 Cr in March 2024, up from 0.00 Cr in March 2023, with a profit after tax of 10.82 Cr and an EPS of 1.12, marking a strong financial turnaround. The net profit margin improved to 7.16% in March 2024 from 0.0% the previous year.
Answer:The historical performance of String Metaverse shows significant growth in recent years, particularly in the fiscal year ending March 2024.Breakdown:
String Metaverse reported net sales of 151.21 Cr in March 2024, a substantial increase from 0.00 Cr in March 2023 and 1.26 Cr in March 2020. The total operating income followed a similar trend, reaching 151.21 Cr in March 2024, compared to 0.00 Cr in the previous year. The company achieved an operating profit (PBDIT) of 13.76 Cr in March 2024, a notable recovery from a loss of 0.73 Cr in March 2023 and losses in earlier years. The profit before tax also turned positive at 10.82 Cr in March 2024, compared to a loss of 1.31 Cr in March 2023. Consequently, the profit after tax for March 2024 was 10.82 Cr, a significant improvement from a loss of 1.26 Cr in the previous year. The earnings per share (EPS) rose to 1.12 in March 2024, recovering from a negative EPS of -0.49 in March 2023. Overall, the company demonstrated a strong turnaround in financial performance, with a net profit margin of 7.16% in March 2024, compared to 0.0% in March 2023.
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