How has been the historical performance of TBI Corn?

Answer:The historical performance of TBI Corn shows stable financial results over the past year, with net sales slightly increasing from 211.60 Cr in Mar'24 to 211.76 Cr in Mar'25. The total operating income also saw a marginal rise, maintaining the same raw material costs of 186.41 Cr. The total expenditure increased from 187.86 Cr to 188.02 Cr, while the operating profit remained unchanged at 25.85 Cr. Profit before tax and profit after tax both held steady at 18.28 Cr and 13.63 Cr respectively, indicating consistent profitability. However, earnings per share decreased from 10.19 to 7.51, reflecting a decline in profitability per share despite stable net profits.

Breakdown:
TBI Corn's financial performance for the year ending March 2025 indicates a slight growth in net sales, which rose to 211.76 Cr from 211.60 Cr the previous year. The total operating income mirrored this growth, remaining stable in terms of raw material costs. The total expenditure saw a minor increase, yet the operating profit, profit before tax, and profit after tax remained constant, suggesting effective cost management. Despite these stable profits, the earnings per share decreased, indicating a dilution of profit per share. On the balance sheet, shareholder's funds significantly increased to 101.39 Cr from 42.82 Cr, driven by a rise in total reserves. Total liabilities also grew, primarily due to an increase in short-term borrowings, while total assets rose to 180.02 Cr, reflecting a healthy asset base. Cash flow analysis reveals negative cash flow from operating activities, although financing activities provided a substantial inflow, balancing the overall cash position.