How has been the historical performance of TGB Banquets?
TGB Banquets has experienced significant financial fluctuations, with net sales declining from 152.35 Cr in Mar'14 to 33.58 Cr in Mar'20, and operating profit shifting from a profit of 39.51 Cr to a loss of 15.60 Cr in the same period. However, the company reported a profit after tax of 0.86 Cr in Mar'20, indicating signs of recovery.
Answer:The historical performance of TGB Banquets shows significant fluctuations in key financial metrics over the years.Breakdown:
TGB Banquets experienced a notable decline in net sales from 152.35 Cr in Mar'14 to just 33.58 Cr in Mar'20. This downward trend in total operating income also reflects a decrease from 156.39 Cr in Mar'14 to 33.58 Cr in Mar'20. The company's total expenditure, excluding depreciation, peaked at 141.57 Cr in Mar'18 before dropping to 49.18 Cr in Mar'20. Operating profit (PBDIT) saw a drastic change, moving from a profit of 39.51 Cr in Mar'14 to a loss of 15.60 Cr in Mar'20. Despite these challenges, TGB Banquets reported a profit after tax of 0.86 Cr in Mar'20, a recovery from a significant loss of 54.25 Cr in Mar'19. The company's total liabilities decreased from 177.84 Cr in Mar'19 to 177.84 Cr in Mar'20, while total assets also fell from 240.60 Cr in Mar'18 to 177.84 Cr in Mar'19. Cash flow from operating activities remained negative in Mar'19 at -56.98 Cr, but the company managed a slight improvement in cash and cash equivalents, closing at 3.00 Cr in Mar'19. Overall, TGB Banquets has faced considerable financial challenges, particularly in revenue generation and profitability, but has shown signs of recovery in the most recent year.
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