How has been the historical performance of the Artefact Project?

Answer:The historical performance of the Artefact Project shows significant fluctuations in key financial metrics over the years. Breakdown: From March 2011 to March 2016, Artefact Project experienced varying net sales, peaking at Rs 46.66 crore in March 2015 before declining to Rs 29.81 crore in March 2016. The total operating income followed a similar trend, with a high of Rs 46.66 crore in March 2015 and a drop to Rs 29.81 crore in March 2016. The company faced challenges with total expenditure, which increased from Rs 14.92 crore in March 2011 to Rs 30.41 crore in March 2016, leading to an operating profit (PBDIT) decline from Rs 4.94 crore in March 2011 to a loss of Rs 0.61 crore in March 2016. Profit before tax also turned negative in March 2016, recording a loss of Rs 4.69 crore, compared to a profit of Rs 2.92 crore in March 2015. Consequently, the profit after tax showed a significant decline, resulting in a loss of Rs 5.12 crore in March 2016, down from a profit of Rs 1.90 crore in March 2015. The company's total liabilities increased from Rs 55.93 crore in March 2011 to Rs 93.30 crore in March 2016, while total assets rose from Rs 55.93 crore to Rs 93.30 crore in the same period. Cash flow from operating activities turned negative in March 2016 at Rs -4.64 crore, contrasting with a positive cash flow of Rs 13.80 crore in March 2015. Overall, the financial data indicates a challenging period for the Artefact Project, particularly in 2016, marked by declining sales, increasing losses, and negative cash flow.