How has been the historical performance of the Baroda Rayon?
Baroda Rayon experienced significant sales growth, with net sales rising to Rs 76.83 crore in March 2024 from Rs 58.44 crore in March 2023. However, profitability declined sharply, with net profit dropping to Rs 34.22 crore in March 2024 from Rs 272.74 crore the previous year.
Answer:The historical performance of Baroda Rayon shows significant fluctuations over the years, particularly in revenue and profitability. Breakdown:
Baroda Rayon reported net sales of Rs 76.83 crore in March 2024, a notable increase from Rs 58.44 crore in March 2023, and a substantial rise from zero sales in the preceding years. The total operating income mirrored this trend, reaching Rs 76.83 crore in March 2024, compared to Rs 58.44 crore in the previous year. The raw material cost surged to Rs 73.27 crore in March 2024 from Rs 5.70 crore in March 2023, while total expenditure, excluding depreciation, was Rs 67.54 crore, a significant improvement from the negative expenditure of Rs -179.11 crore in March 2023. Operating profit (PBDIT) for March 2024 stood at Rs 18.23 crore, down from Rs 262.73 crore in March 2023, indicating a decline in profitability despite increased sales. The profit before tax was Rs 34.22 crore in March 2024, a decrease from Rs 272.74 crore in March 2023, and the net profit followed suit at Rs 34.22 crore, down from Rs 272.74 crore. The company's total assets were Rs 641.84 crore in March 2024, slightly down from Rs 643.33 crore in March 2023, while total liabilities also decreased to Rs 641.84 crore from Rs 643.33 crore. Cash flow from operating activities was negative at Rs -2.00 crore in March 2024, contrasting with a positive cash flow of Rs 22.00 crore in March 2023. Overall, Baroda Rayon has shown growth in sales and operating income, but profitability metrics have declined significantly in the latest reporting period.
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