How has been the historical performance of the Rathi Bars?
Rathi Bars has shown consistent growth, with net sales increasing from Rs 252.25 crore in March 2018 to Rs 614.04 crore in March 2024, and profit after tax rising from Rs 2.58 crore to Rs 3.57 crore in the same period, despite a slight decline in operating profit. Total liabilities decreased to Rs 178.69 crore in March 2024, while cash flow from operating activities improved significantly to Rs 12 crore.
Answer:The historical performance of Rathi Bars shows a consistent growth in net sales and profit over the years, with the most recent figures for March 2024 indicating net sales of Rs 614.04 crore and a profit after tax of Rs 3.57 crore.Breakdown:
Rathi Bars has demonstrated significant growth in net sales, increasing from Rs 252.25 crore in March 2018 to Rs 614.04 crore in March 2024. The total operating income followed a similar trend, reaching Rs 614.04 crore in March 2024 compared to Rs 252.25 crore in March 2018. The raw material costs also rose, amounting to Rs 372.13 crore in March 2024, reflecting the increased scale of operations. The operating profit, excluding other income, was Rs 14.34 crore in March 2024, slightly down from Rs 14.97 crore in March 2023. Despite this, the profit before tax improved to Rs 4.05 crore in March 2024 from Rs 3.32 crore in the previous year, leading to a profit after tax of Rs 3.57 crore, up from Rs 2.58 crore in March 2023. The company's total liabilities decreased to Rs 178.69 crore in March 2024 from Rs 184.67 crore in March 2023, while total assets also fell to Rs 178.69 crore from Rs 184.67 crore in the same period. Cash flow from operating activities showed a positive trend, reaching Rs 12 crore in March 2024, a significant increase from Rs 3 crore in March 2023. Overall, Rathi Bars has shown a trajectory of growth in sales and profitability, alongside a manageable level of liabilities.
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