Revenue and Profitability Trends
Examining the net sales figures from fiscal year ending March 2019 through March 2025 reveals a highly volatile revenue trajectory. The company’s sales surged to a peak in March 2023, reaching over ₹500 crores, before sharply declining to approximately ₹45 crores in March 2025. This steep drop contrasts with earlier years where sales fluctuated between ₹4 crores and ₹125 crores, indicating episodic spikes rather than steady growth.
Operating profit margins have remained slim throughout this period, with the operating profit margin excluding other income hovering near zero or slightly positive in most years. The highest operating profit margin recorded was 0.46% in March 2022, while the company experienced a marginal operating loss in Ma...
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