How has been the historical performance of Velan Hotels?

Answer:The historical performance of Velan Hotels shows a significant decline in financial metrics over the years, particularly from March 2021 to March 2025.

Breakdown:
Velan Hotels reported net sales of 0.04 Cr in March 2021, which drastically fell to 0.00 Cr by March 2025. Other operating income remained consistently at 0.00 Cr throughout this period, leading to total operating income that also stagnated at 0.00 Cr from March 2022 onwards. The total expenditure, excluding depreciation, decreased from 4.66 Cr in March 2020 to 0.89 Cr in March 2025. Operating profit (PBDIT) showed a negative trend, with losses increasing from -0.29 Cr in March 2019 to -0.89 Cr in March 2025. Interest expenses surged to 11.38 Cr in March 2025, contributing to a profit before tax of -12.81 Cr, a stark contrast to the profit of 9.38 Cr recorded in March 2022. The company's reserves turned negative, reaching -44.89 Cr in March 2025, while shareholder's funds fell to -7.36 Cr. The earnings per share (EPS) also reflected this decline, with a loss of -4.01 in March 2025 compared to a profit of 2.93 in March 2022. Overall, the financial health of Velan Hotels has deteriorated significantly, marked by increasing losses and negative equity.