How has been the historical performance of Varvee Global?

Answer:The historical performance of Varvee Global shows a significant decline in key financial metrics over the years.

Breakdown:
Varvee Global's net sales decreased from 824.42 Cr in March 2018 to 564.68 Cr in March 2020, reflecting a downward trend. Total operating income also fell from 827.06 Cr in March 2018 to 564.68 Cr in March 2020. The company's total expenditure, excluding depreciation, decreased from 746.82 Cr in March 2018 to 530.60 Cr in March 2020, indicating cost-cutting measures. However, operating profit (PBDIT) declined sharply from 82.78 Cr in March 2018 to 35.81 Cr in March 2020, leading to a profit before tax of -55.53 Cr in March 2020 compared to a profit of 6.38 Cr in March 2018. Consequently, profit after tax also turned negative, reaching -41.93 Cr in March 2020, down from 5.61 Cr in March 2018. The company's total liabilities decreased from 918.68 Cr in March 2018 to 842.80 Cr in March 2020, while total assets also fell from 918.68 Cr to 842.80 Cr in the same period. Cash flow from operating activities improved slightly from 37.76 Cr in March 2018 to 64.00 Cr in March 2020, but cash flow from financing activities showed a negative trend, indicating challenges in financing operations. Overall, Varvee Global's financial performance has deteriorated significantly over the observed years.