How has been the historical performance of Victoria Mills?
Victoria Mills experienced a significant turnaround in March 2023, reporting net sales of 24.44 Cr and a profit after tax of 2.34 Cr, compared to losses in the previous year. The company's total assets and cash flow from operating activities also improved, indicating enhanced financial health.
Answer:The historical performance of Victoria Mills shows a fluctuating trend in its financial metrics over the years, with notable changes in net sales, profits, and overall financial health.Breakdown:
Victoria Mills reported net sales of 24.44 Cr in March 2023, a significant increase from 0.00 Cr in March 2022 and a rise from 17.86 Cr in March 2021. The total operating income also reached 24.44 Cr in March 2023, reflecting the same trend. However, raw material costs surged to 20.60 Cr in March 2023, compared to 0.00 Cr in the previous year, which contributed to total expenditure of 22.89 Cr. This resulted in an operating profit (PBDIT) of 3.16 Cr, a recovery from a loss of -1.40 Cr in March 2022. Profit before tax was 3.03 Cr in March 2023, up from -1.53 Cr the previous year, leading to a profit after tax of 2.34 Cr, compared to a loss of -1.54 Cr in March 2022. The company's total assets increased to 66.06 Cr in March 2023 from 58.55 Cr in March 2022, while total liabilities also rose to 66.06 Cr from 58.55 Cr. Cash flow from operating activities was positive at 2.00 Cr in March 2023, a recovery from -18.00 Cr in the previous year, indicating improved operational efficiency. Overall, the financial performance of Victoria Mills in March 2023 shows a positive turnaround compared to the previous year, with significant improvements in sales, profits, and cash flow.
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