How has been the historical performance of VK Global?
VK Global has faced a significant decline in financial performance, with net sales dropping from 26.28 Cr in March 2020 to just 0.03 Cr in March 2024, resulting in ongoing operating losses and deteriorating earnings per share. The company's total operating income and net profit have also sharply decreased, reflecting severe operational challenges.
Answer:VK Global has experienced a significant decline in its financial performance over the years. In terms of net sales, the company reported a mere 0.03 Cr in March 2024, down from 0.13 Cr in March 2023 and 0.77 Cr in March 2022, indicating a continuous downward trend from 1.75 Cr in March 2021 and 26.28 Cr in March 2020. The total operating income followed a similar pattern, dropping from 26.31 Cr in March 2020 to just 0.03 Cr in March 2024. The company's total expenditure, excluding depreciation, also decreased to 0.39 Cr in March 2024 from 27.09 Cr in March 2020, but this was not enough to prevent operating losses. Operating profit (PBDIT) has remained negative, with a loss of -0.36 Cr in March 2024 compared to -0.12 Cr in March 2023 and -2.13 Cr in March 2022. The net profit figures reflect this trend, with losses of -0.36 Cr in March 2024 and -0.13 Cr in March 2023, contrasting sharply with a profit of 2.01 Cr in March 2019. The earnings per share (EPS) have also deteriorated, showing -0.85 in March 2024 compared to -0.31 in March 2023 and -7.03 in March 2022. Overall, VK Global's financial trajectory indicates a severe decline in operational performance and profitability over the years.Breakdown:
VK Global's financial performance has shown a stark decline, particularly in net sales, which plummeted from 26.28 Cr in March 2020 to just 0.03 Cr in March 2024. This decline is mirrored in total operating income, which fell from 26.31 Cr in March 2020 to 0.03 Cr in the latest fiscal year. The company's total expenditure also decreased significantly, but not enough to offset the losses, resulting in an operating profit (PBDIT) of -0.36 Cr in March 2024. The net profit figures reflect ongoing struggles, with losses of -0.36 Cr in March 2024 and -0.13 Cr in March 2023, a stark contrast to the profit of 2.01 Cr recorded in March 2019. The earnings per share have also deteriorated, indicating a challenging financial environment for VK Global as it continues to face operational and profitability issues.
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