How has been the historical performance of the Hemang Resources?

Answer:The historical performance of Hemang Resources has shown significant fluctuations over the years, particularly in net sales and profitability. In March 2025, net sales dropped to Rs 8.80 crore from Rs 37.12 crore in March 2024 and Rs 205.05 crore in March 2023, indicating a sharp decline. The total operating income followed a similar trend, decreasing from Rs 205.05 crore in March 2023 to Rs 8.80 crore in March 2025. The company experienced operating losses, with an operating profit (PBDIT) of Rs 0.86 crore in March 2025, down from Rs 11.12 crore in March 2023. Profit before tax also fell significantly, resulting in a profit after tax of Rs 0.54 crore in March 2025, compared to Rs 7.38 crore in March 2023.

Breakdown:
Over the years, Hemang Resources has faced considerable volatility in its financial metrics. The net sales peaked at Rs 205.05 crore in March 2023 but plummeted to Rs 8.80 crore by March 2025. This decline in revenue was mirrored by total operating income, which also fell sharply. The company reported an operating profit of Rs 0.86 crore in March 2025, a stark contrast to the Rs 11.12 crore profit recorded in March 2023. Profit before tax showed a similar downward trend, leading to a profit after tax of Rs 0.54 crore in March 2025, down from Rs 7.38 crore in the previous year. The company's total liabilities decreased from Rs 69.81 crore in March 2023 to Rs 55.62 crore in March 2024, while total assets also declined, reflecting the overall downturn in financial performance.