How has been the historical performance of the Max Heights?
Max Heights showed significant sales growth, with net sales rising from Rs 7.18 crore in March 2023 to Rs 22.42 crore in March 2024, despite increased expenditures leading to a decline in operating profit. The company reported a profit before tax of Rs 0.54 crore in March 2024, recovering from a loss the previous year, while cash flow from operating activities turned positive at Rs 10.00 crore.
Answer:The historical performance of Max Heights shows significant fluctuations in key financial metrics over the years.Breakdown:
Max Heights experienced a notable increase in net sales from Rs 7.18 crore in March 2023 to Rs 22.42 crore in March 2024, following a trend of lower sales in the previous years, with Rs 5.43 crore in March 2022 and Rs 10.34 crore in March 2021. The total operating income also rose to Rs 22.42 crore in March 2024 from Rs 7.18 crore in March 2023. However, total expenditure, excluding depreciation, increased sharply to Rs 21.95 crore in March 2024 from Rs 5.18 crore in March 2023, leading to a decline in operating profit, which fell to Rs 0.47 crore in March 2024 from Rs 2.00 crore in March 2023. Despite this, the company reported a profit before tax of Rs 0.54 crore in March 2024, recovering from a loss of Rs 1.79 crore in March 2023. The profit after tax also improved to Rs 0.42 crore in March 2024 from a loss of Rs 1.82 crore in the previous year. The total liabilities decreased to Rs 136.70 crore in March 2024 from Rs 149.00 crore in March 2023, while total assets also declined to Rs 136.70 crore from Rs 149.00 crore. The cash flow from operating activities turned positive at Rs 10.00 crore in March 2024, compared to Rs 0.00 crore in March 2023, indicating improved cash generation. Overall, while Max Heights faced challenges in profitability and asset management, the recent fiscal year showed signs of recovery in sales and cash flow.
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