How has been the historical performance of the Rapid Fleet?

Jun 07 2025 01:13 AM IST
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Rapid Fleet's historical performance shows a profit before tax increase from Rs 4 crore in March 2022 to Rs 10 crore in March 2024, but cash flow has significantly declined, resulting in a net cash outflow of Rs 5 crore by March 2024, down from a positive Rs 14 crore in March 2022. Working capital changes and negative cash flows from investing and financing activities have contributed to a halved cash balance of Rs 5 crore.
Answer:
The historical performance of Rapid Fleet shows a mixed trend in its financial metrics over the past three years. Breakdown: In terms of profit before tax, Rapid Fleet has seen a steady increase from Rs 4.00 crore in March 2022 to Rs 10.00 crore in March 2024. Adjustments have also risen, moving from Rs 4.00 crore in March 2022 to Rs 6.00 crore in March 2024. However, changes in working capital have shifted negatively, with a significant decline from Rs 16.00 crore in March 2022 to -Rs 8.00 crore in March 2024. Consequently, cash flow after changes in working capital has decreased from Rs 25.00 crore in March 2022 to Rs 9.00 crore in March 2024. Cash flow from operating activities has similarly declined from Rs 24.00 crore in March 2022 to Rs 6.00 crore in March 2024. The company has also experienced negative cash flows from investing activities, worsening from -Rs 17.00 crore in March 2022 to -Rs 9.00 crore in March 2024, and from financing activities, which shifted from a positive Rs 8.00 crore in March 2022 to -Rs 2.00 crore in March 2024. Overall, net cash inflow/outflow has deteriorated from a positive Rs 14.00 crore in March 2022 to a negative Rs 5.00 crore in March 2024, resulting in a closing cash and cash equivalent balance that has halved from Rs 20.00 crore in March 2022 to Rs 5.00 crore in March 2024.
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