How has been the historical performance of Triton Corp.?
Triton Corp. historically struggled with no revenue generation and significant losses, but reported a slight profit of 0.08 Cr in the most recent fiscal year, marking an improvement from previous years. Despite this, the company continues to face challenges with negative cash flow from operations and declining total assets.
Answer:The historical performance of Triton Corp. shows a consistent lack of revenue generation and significant losses over the years, culminating in a slight profit in the most recent fiscal year.Breakdown:
Triton Corp. has reported net sales and other operating income of 0.00 Cr for each year from Mar'19 to Mar'25, indicating no revenue generation during this period. Total operating income also remained at 0.00 Cr, with the only notable expense being employee costs, which slightly fluctuated, peaking at 0.13 Cr in Mar'22 and Mar'21. Total expenditure, excluding depreciation, increased from 0.18 Cr in Mar'19 to 0.42 Cr in Mar'25, leading to operating losses that peaked at -0.44 Cr in Mar'20 and improved to -0.42 Cr in Mar'25. However, the company recorded other income of 0.65 Cr in Mar'25, resulting in an operating profit of 0.23 Cr, a significant improvement from previous years. Profit before tax also turned positive at 0.08 Cr in Mar'25, compared to losses in prior years. The consolidated net profit for Mar'25 was 0.08 Cr, a recovery from losses that reached -10.05 Cr in Mar'19. Total assets decreased from 8.58 Cr in Mar'20 to 2.51 Cr in Mar'25, while total liabilities also declined, reflecting a reduction in short-term borrowings from 3.06 Cr in Mar'25 to 1.32 Cr in Mar'20. The cash flow from operating activities remained negative, indicating ongoing challenges in generating cash from core operations. Overall, Triton Corp. has shown a trend of improving profitability in the most recent year, albeit from a very low base, while still facing significant historical losses and operational challenges.
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