How has been the historical performance of the Classic Electric?

Answer:The historical performance of Classic Electric shows a steady growth in shareholder's funds and total assets over the years, with a notable increase in total reserves. However, the company has not reported any profit before tax in the last three years, indicating challenges in operational profitability. Breakdown: From March 2018 to March 2024, Classic Electric's shareholder's funds increased from Rs 7.21 crore to Rs 11.84 crore, reflecting a consistent upward trend. Total reserves also grew from Rs 5.73 crore in March 2018 to Rs 10.35 crore in March 2024. Total assets rose from Rs 7.42 crore to Rs 12.36 crore during the same period, indicating an overall strengthening of the company's financial position. Despite these positive trends in equity and assets, the company reported zero profit before tax from March 2022 to March 2024, which highlights ongoing operational challenges. Additionally, total debt remained relatively stable, with a slight increase from Rs 0.14 crore in March 2018 to Rs 0.54 crore in March 2024, suggesting a cautious approach to leveraging. Overall, while Classic Electric has improved its financial foundation, it faces significant hurdles in achieving profitability.