How has been the historical performance of the GTN Textiles?
GTN Textiles has experienced a significant decline in financial performance, with net sales dropping from Rs 142.26 crore in March 2019 to Rs 0.00 crore by March 2025, alongside increasing operational challenges and persistent losses. Total liabilities and assets also decreased, reflecting ongoing financial difficulties.
Answer:The historical performance of GTN Textiles shows a significant decline in financial metrics over the years, culminating in a challenging situation by March 2025.Breakdown:
GTN Textiles experienced a drastic reduction in net sales, dropping from Rs 142.26 crore in March 2019 to Rs 0.00 crore by March 2025. Total operating income followed a similar trend, decreasing from Rs 142.26 crore in March 2019 to Rs 9.99 crore in March 2023, and then to Rs 0.00 crore in the subsequent years. The company faced increasing operational challenges, with total expenditure peaking at Rs 130.96 crore in March 2020 and then declining to Rs -0.44 crore by March 2025. Operating profit margins turned negative, with the operating profit (PBDIT) showing a loss of Rs 8.53 crore in March 2021 and a slight recovery to Rs 0.44 crore in March 2025. However, profit before tax remained negative throughout this period, with a loss of Rs 4.03 crore in March 2023 and a marginal profit of Rs 0.44 crore in March 2025. The net profit also reflected a downward trend, with losses peaking at Rs 36.00 crore in March 2021 and reducing to Rs -7.38 crore by March 2025. The company's total liabilities decreased from Rs 192.54 crore in March 2019 to Rs 93.94 crore in March 2024, while total assets also fell from Rs 192.54 crore to Rs 93.94 crore in the same period. Cash flow from operating activities showed a positive trend in March 2023, but the overall cash flow remained unstable, indicating ongoing financial difficulties for GTN Textiles.
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