How has been the historical performance of the IEC Education?

Answer:The historical performance of IEC Education shows a consistent lack of revenue generation over the years, with net sales remaining at zero from March 2018 to March 2025. The total operating income peaked in March 2017 at Rs 0.53 crore but has since declined to zero in subsequent years. The company has faced increasing operating losses, with the operating profit (PBDIT) excluding other income showing a downward trend, moving from a profit of Rs 0.63 crore in March 2016 to losses of Rs 0.27 crore by March 2025. The profit before tax and profit after tax also reflect this negative trend, with losses escalating from Rs 0.51 crore in March 2017 to Rs 0.27 crore in March 2025.

The balance sheet indicates a steady decline in total assets from Rs 37.79 crore in March 2015 to Rs 31.88 crore in March 2024. Shareholder's funds have also decreased, indicating a reduction in equity capital over the years. The company has maintained a consistent level of short-term borrowings at Rs 1.68 crore since March 2018, while total liabilities have decreased from Rs 36.77 crore in March 2016 to Rs 31.88 crore in March 2024. Cash flow statements reveal no cash inflow from operating activities in recent years, with net cash inflow remaining at zero from March 2023 to March 2024, highlighting ongoing financial challenges.