How has been the historical performance of the Global Offshore?

Answer:The historical performance of Global Offshore shows a significant decline in net sales and profitability over the years, with net sales decreasing from Rs 127.79 crore in March 2019 to Rs 32.75 crore in March 2025. The total operating income followed a similar trend, dropping from Rs 127.79 crore in March 2019 to Rs 32.75 crore in March 2025. Operating profit, which was Rs 26.54 crore in March 2020, turned negative in subsequent years, reaching a low of Rs -13.35 crore in March 2023 before recovering slightly to Rs 6.15 crore in March 2025. Profit before tax also fluctuated, peaking at Rs 383.93 crore in March 2023, but fell to Rs 3.73 crore by March 2025. The net profit followed this pattern, with a notable drop from Rs 382.57 crore in March 2023 to Rs 3.65 crore in March 2025.

The balance sheet reflects a substantial reduction in total assets from Rs 985.50 crore in March 2019 to Rs 142.76 crore in March 2024, with total liabilities also decreasing from Rs 705.98 crore to Rs 33.60 crore over the same period. This indicates a significant contraction in the company's financial position. The cash flow statements reveal a net cash outflow in recent years, with a closing cash balance of Rs 5.00 crore in March 2024, down from Rs 21.00 crore in March 2019. Overall, Global Offshore's financial performance has shown a downward trend in sales, profits, and asset values, indicating challenges in maintaining operational viability.

Breakdown:
Global Offshore's financial performance has been characterized by a consistent decline in key metrics over the years. Net sales decreased significantly from Rs 127.79 crore in March 2019 to Rs 32.75 crore in March 2025, reflecting a troubling trend in revenue generation. Total operating income mirrored this decline, falling from Rs 127.79 crore to Rs 32.75 crore during the same period. Operating profit fluctuated, with a peak of Rs 26.54 crore in March 2020, but it turned negative in subsequent years, reaching Rs -13.35 crore in March 2023 before recovering slightly to Rs 6.15 crore in March 2025. Profit before tax experienced volatility, peaking at Rs 383.93 crore in March 2023 and dropping to Rs 3.73 crore by March 2025, while net profit followed suit, decreasing from Rs 382.57 crore in March 2023 to Rs 3.65 crore in March 2025. The balance sheet indicates a significant reduction in total assets from Rs 985.50 crore in March 2019 to Rs 142.76 crore in March 2024, alongside a decrease in total liabilities from Rs 705.98 crore to Rs 33.60 crore, suggesting a contraction in the company's financial position. Cash flow statements reveal a net cash outflow, with a closing cash balance of Rs 5.00 crore in March 2024, down from Rs 21.00 crore in March 2019. Overall, the data highlights a concerning downward trend in Global Offshore's financial health.