How has been the historical performance of Super Spinning?
Super Spinning has experienced a significant decline in net sales and profitability from March 2014 to March 2017, with net sales dropping from 521.03 Cr to 290.14 Cr and profit after tax falling from 1.86 Cr to a loss of 9.12 Cr. Overall, the company has struggled to maintain financial stability during this period.
Answer:The historical performance of Super Spinning shows a declining trend in net sales and profitability over the years, particularly from March 2014 to March 2017.Breakdown:
Super Spinning's net sales have decreased significantly from 521.03 Cr in March 2014 to 290.14 Cr in March 2017. Other operating income has also seen a decline, dropping from 7.41 Cr in March 2014 to 3.93 Cr in March 2017, leading to a total operating income reduction from 528.44 Cr to 294.07 Cr in the same period. The total expenditure, excluding depreciation, followed a similar downward trend, falling from 488.66 Cr in March 2014 to 292.96 Cr in March 2017. Operating profit, excluding other income, plummeted from 39.78 Cr in March 2014 to just 1.11 Cr in March 2017, while the overall operating profit, including other income, decreased from 44.71 Cr to 13.81 Cr. Profit before tax turned negative, going from a profit of 3.38 Cr in March 2014 to a loss of 11.75 Cr in March 2017. Consequently, profit after tax also fell from 1.86 Cr to a loss of 9.12 Cr. The earnings per share reflected this decline, moving from 0.34 in March 2014 to -1.66 in March 2017. Overall, Super Spinning has faced significant challenges in maintaining sales and profitability over the years.
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