How has been the historical performance of the Orissa Minerals?

Jun 06 2025 11:00 PM IST
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Orissa Minerals has shown a fluctuating financial performance, with net sales increasing to Rs 82.28 crore in March 2024 from Rs 35.53 crore in March 2023, and a positive net profit of Rs 2.82 crore, recovering from a loss the previous year. However, the company still faces challenges with negative cash flow of Rs -25.00 crore and a decrease in total assets and liabilities.
Answer:
The historical performance of Orissa Minerals shows a fluctuating trend over the years, with significant changes in revenue and profitability.

Breakdown:
Orissa Minerals reported net sales of Rs 82.28 crore in March 2024, a substantial increase from Rs 35.53 crore in March 2023, but slightly lower than Rs 82.68 crore in March 2022. The total operating income mirrored this trend, reaching Rs 82.28 crore in March 2024, compared to Rs 35.53 crore in the previous year. The company experienced a total expenditure of Rs 59.21 crore in March 2024, up from Rs 47.05 crore in March 2023, leading to an operating profit (PBDIT) of Rs 30.17 crore, a recovery from a loss of Rs 2.10 crore in March 2023. However, the profit before tax remained negative at Rs -5.31 crore in March 2024, although it improved from Rs -27.22 crore in March 2023. The net profit turned positive at Rs 2.82 crore in March 2024, contrasting with a loss of Rs -16.54 crore in the previous year. The company's total assets decreased to Rs 154.62 crore in March 2024 from Rs 216.25 crore in March 2023, while total liabilities also fell to Rs 154.62 crore from Rs 216.25 crore. The cash flow from operating activities was negative at Rs -25.00 crore in March 2024, reflecting ongoing challenges despite the positive net profit. Overall, the financial performance indicates a gradual recovery, particularly in revenue and net profit, while still facing hurdles in cash flow management.
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