How has been the historical performance of Virya Resources?

Answer:The historical performance of Virya Resources shows a consistent lack of revenue generation and ongoing losses over the past two fiscal years.

Breakdown:
In the fiscal year ending March 2025, Virya Resources reported net sales and total operating income of 0.00, consistent with the previous year. The total expenditure increased slightly from 0.15 crore in March 2024 to 0.17 crore in March 2025, primarily due to an increase in other expenses from 0.10 crore to 0.13 crore. As a result, the operating profit (PBDIT) remained negative at -0.17 crore for both years. The profit before tax also showed a slight deterioration, moving from -0.15 crore in March 2024 to -0.17 crore in March 2025. However, the profit after tax improved from -0.29 crore to -0.17 crore, indicating a reduction in losses. The company's total assets increased from 6.20 crore to 6.69 crore, while total liabilities also rose from 6.20 crore to 6.69 crore, reflecting a stable financial position despite ongoing operational challenges. The cash flow from operating activities was positive at 1.00 crore in March 2025, contrasting with previous years where it was 0.00, but cash flow from investing activities was negative at -2.00 crore. Overall, the company has not generated revenue but has managed to reduce its losses while increasing its asset base.