How has been the historical performance of the Kabra Jewels?
Kabra Jewels has shown significant improvement in profitability and cash flow over the past three years, with a profit before tax of Rs 12.00 crore in March 2024, up from Rs 6.00 crore in March 2023, and positive cash flow after working capital changes of Rs 17.00 crore. Cash and cash equivalents also increased to Rs 2.00 crore in March 2024, reflecting overall financial recovery.
Answer:The historical performance of Kabra Jewels shows a significant improvement in profitability and cash flow over the past three years.Breakdown:
In the fiscal year ending March 2024, Kabra Jewels reported a profit before tax of Rs 12.00 crore, an increase from Rs 6.00 crore in March 2023 and Rs 7.00 crore in March 2022. Adjustments also rose to Rs 9.00 crore in March 2024 from Rs 6.00 crore in the previous year and Rs 4.00 crore two years prior. Changes in working capital improved, with a decrease of Rs 4.00 crore in March 2024 compared to a larger decrease of Rs 23.00 crore in March 2023 and Rs 7.00 crore in March 2022. Consequently, cash flow after changes in working capital turned positive at Rs 17.00 crore in March 2024, recovering from a negative cash flow of Rs 10.00 crore in March 2023 and a positive Rs 4.00 crore in March 2022. Cash flow from operating activities also saw a turnaround, reaching Rs 15.00 crore in March 2024, up from a negative Rs 12.00 crore in March 2023 and a modest Rs 2.00 crore in March 2022. However, cash flow from investing activities remained negative at Rs -2.00 crore in both March 2024 and March 2023, though it improved from Rs -6.00 crore in March 2022. Cash flow from financing activities showed a notable shift, with an outflow of Rs -12.00 crore in March 2024 compared to an inflow of Rs 15.00 crore in March 2023 and Rs 4.00 crore in March 2022. The net cash inflow for March 2024 was Rs 1.00 crore, a slight improvement from no inflow in March 2023 and March 2022. The closing cash and cash equivalents increased to Rs 2.00 crore in March 2024, up from Rs 0.00 crore in the previous two years.
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