How has been the historical performance of Ujaas Energy?
Ujaas Energy's historical performance has shown significant fluctuations, with profit before tax peaking at Rs 48.55 crore in March 2017 before declining to Rs 18.45 crore in March 2018, alongside negative cash flow from operating activities and a decrease in cash and cash equivalents, indicating a challenging financial environment.
Answer:The historical performance of Ujaas Energy shows significant fluctuations in its financial metrics over the years.Breakdown:
In the fiscal year ending March 2015, Ujaas Energy reported a profit before tax of Rs 18.33 crore, which increased to Rs 40.81 crore in March 2016, before rising further to Rs 48.55 crore in March 2017. However, in March 2018, the profit before tax declined to Rs 18.45 crore. The adjustments made during these years remained relatively stable, with values around Rs 21-23 crore. Changes in working capital were notably negative in March 2017 and March 2018, at Rs -75.76 crore and Rs -64.38 crore respectively, contrasting with a positive change of Rs 48.31 crore in March 2016. Consequently, cash flow after changes in working capital showed a decline, dropping from Rs 110.40 crore in March 2016 to Rs -22.95 crore in March 2018. Cash flow from operating activities also turned negative in March 2017 and March 2018, indicating a challenging operational environment, while cash flow from investing activities fluctuated significantly, with a notable outflow of Rs -76.84 crore in March 2016. The net cash inflow/outflow reflected a downward trend, with a negative Rs 9.42 crore in March 2018 compared to a positive Rs 0.70 crore in March 2017. The closing cash and cash equivalents decreased from Rs 16.34 crore in March 2017 to Rs 6.92 crore in March 2018, highlighting a tightening liquidity position for the company.
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