How has been the historical performance of the HLV?

Answer:The historical performance of HLV shows significant fluctuations over the years, particularly in net sales, profits, and overall financial health. Breakdown: HLV's net sales peaked at Rs 718.44 crore in March 2014 but have since declined to Rs 145.68 crore by March 2020. The total operating income followed a similar trend, decreasing from Rs 698.02 crore in March 2017 to Rs 145.68 crore in March 2020. The company faced increasing total expenditure, which rose from Rs 182.63 crore in March 2020 compared to Rs 156.69 crore in March 2019, leading to an operating profit (PBDIT) of -Rs 30.44 crore in March 2020, down from Rs 1.83 crore in March 2019. The profit before tax also worsened, reaching -Rs 20.19 crore in March 2020, while the profit after tax was -Rs 20.19 crore, indicating ongoing financial struggles. Despite these losses, HLV reported a net profit of Rs 193.71 crore in March 2020, largely due to other adjustments. The company's total liabilities drastically decreased from Rs 4,188.77 crore in March 2019 to Rs 659.70 crore in March 2020, reflecting a significant reduction in long-term borrowings. Cash flow from operating activities was Rs 138 crore in March 2020, while cash flow from investing activities surged to Rs 3,823 crore, indicating substantial investment activity. Overall, HLV's financial trajectory reveals a challenging landscape with notable shifts in revenue, profitability, and asset management.