How has been the historical performance of the Southern Gas?

Answer:The historical performance of Southern Gas shows a steady increase in total reserves and shareholder's funds over the years, with total reserves rising from Rs 15.25 crore in March 2019 to Rs 22.51 crore in March 2024. Shareholder's funds also grew from Rs 15.48 crore in March 2019 to Rs 22.74 crore in March 2024. The company has maintained a consistent share capital of Rs 0.23 crore throughout the years. Long-term borrowings have decreased significantly, from Rs 0.48 crore in March 2019 to Rs 0.00 crore in March 2024, indicating a reduction in debt. Total liabilities have increased from Rs 24.54 crore in March 2019 to Rs 32.13 crore in March 2024, while total assets have similarly risen from Rs 24.54 crore to Rs 32.13 crore in the same period. The book value per share has shown a positive trend, increasing from Rs 6,879.12 in March 2019 to Rs 10,105.82 in March 2024. Profit before tax fluctuated, reaching Rs 2.00 crore in March 2024, up from Rs 1.00 crore in March 2023, but down from Rs 3.00 crore in March 2022.

Breakdown:
Southern Gas has demonstrated a solid financial trajectory over the years, with total reserves climbing from Rs 15.25 crore in March 2019 to Rs 22.51 crore in March 2024, reflecting a robust growth in retained earnings. Shareholder's funds have also seen a consistent upward trend, increasing from Rs 15.48 crore to Rs 22.74 crore during the same period, indicating a strengthening equity base. The company has effectively reduced its long-term borrowings to zero by March 2024, showcasing improved financial health and reduced reliance on debt. Despite total liabilities rising from Rs 24.54 crore to Rs 32.13 crore, total assets have kept pace, also increasing to Rs 32.13 crore. The book value per share has significantly improved, indicating enhanced shareholder value, while profit before tax has shown variability, peaking at Rs 3.00 crore in March 2022 before settling at Rs 2.00 crore in March 2024. Overall, Southern Gas's financial performance reflects a positive trend in equity and asset management, alongside effective debt reduction strategies.