How has been the historical performance of the Pranik Logistics?
Pranik Logistics experienced significant growth in the fiscal year ending March 2024, with net sales rising to Rs 66.84 crore and profit after tax increasing to Rs 4.07 crore. Key metrics such as operating profit and earnings per share also improved notably, reflecting a positive financial trajectory.
Answer:The historical performance of Pranik Logistics shows significant growth in various financial metrics over the past year.Breakdown:
In the fiscal year ending March 2024, Pranik Logistics reported net sales of Rs 66.84 crore, an increase from Rs 60.53 crore in March 2023. The total operating income mirrored this growth, remaining at Rs 66.84 crore for March 2024. The company's total expenditure, excluding depreciation, rose to Rs 58.36 crore from Rs 57.45 crore, while employee costs increased to Rs 12.08 crore from Rs 8.10 crore. Operating profit (PBDIT) surged to Rs 9.34 crore from Rs 3.46 crore, reflecting a notable improvement in operating profit margin, which increased to 12.69% from 5.09%. Profit before tax also saw a substantial rise to Rs 5.57 crore from Rs 1.35 crore, leading to a profit after tax of Rs 4.07 crore compared to Rs 0.93 crore in the previous year. The earnings per share (EPS) improved significantly to Rs 5.03 from Rs 1.15. On the balance sheet, total assets increased to Rs 35.59 crore from Rs 23.50 crore, with total liabilities also rising to Rs 35.59 crore from Rs 23.50 crore. Cash flow from operating activities improved to Rs 5.00 crore from Rs 3.00 crore, contributing to a closing cash balance of Rs 8.00 crore, up from Rs 5.00 crore. Overall, Pranik Logistics demonstrated strong growth in revenue, profitability, and cash flow, indicating a positive trajectory in its financial performance.
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