How has been the historical performance of the Longview Tea?

Jun 06 2025 10:47 PM IST
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Longview Tea's historical performance indicates a recovery in profitability, with operating profit rising from a loss of Rs 0.68 crore in March 2023 to a profit of Rs 1.88 crore in March 2024, despite a decline in net sales from Rs 1.36 crore to Rs 1.17 crore. Total assets increased from Rs 15.88 crore to Rs 17.71 crore during the same period.
Answer:
The historical performance of Longview Tea shows a fluctuating trend in its financial metrics over the years, with notable improvements in recent periods. Breakdown: Longview Tea's net sales peaked at Rs 1.36 crore in March 2023 but declined to Rs 1.17 crore in March 2024. The total operating income followed a similar pattern, decreasing from Rs 1.36 crore in March 2023 to Rs 1.17 crore in March 2024. The company's total expenditure, excluding depreciation, also decreased from Rs 2.04 crore in March 2023 to Rs 1.55 crore in March 2024. Despite these changes, the operating profit (PBDIT) showed a significant improvement, moving from a loss of Rs 0.68 crore in March 2023 to a profit of Rs 1.88 crore in March 2024. Consequently, the profit after tax turned positive, reaching Rs 1.52 crore in March 2024, compared to a loss of Rs 0.16 crore in the previous year. The company's total assets increased from Rs 15.88 crore in March 2023 to Rs 17.71 crore in March 2024, while total liabilities also rose from Rs 15.88 crore to Rs 17.71 crore during the same period. Overall, Longview Tea has shown a recovery in profitability and asset growth, despite a decline in sales.
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