Revenue and Operating Performance Trends
GFL's consolidated net sales have exhibited considerable volatility. The company reported peak sales figures in the fiscal years ending March 2019 and 2020, with revenues exceeding ₹2,700 crores. However, from March 2021 onwards, there was a dramatic contraction in sales, plunging to single-digit crore levels by March 2023 through to March 2025. This steep decline suggests a significant restructuring or operational shift within the company.
Operating profit margins, excluding other income, have generally remained healthy during periods of higher revenue, with margins around 16% to 30% in earlier years. Notably, the operating profit margin improved to over 50% in the most recent years despite the low revenue base, indicating tigh...
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