How has been the historical performance of the L.K.Mehta Poly.?
L.K.Mehta Poly. has shown limited financial activity over the past three years, with a profit before tax of Rs 1.00 crore in March 2024, but negative cash flow from operating activities and no cash reserves. The company reported a decline in working capital and consistent cash and cash equivalents of Rs 0.00 crore across the years.
Answer:The historical performance of L.K.Mehta Poly. shows limited financial activity over the past three years, with no standalone annual results or balance sheet results declared. Breakdown:
In terms of cash flow, for the year ending March 2024, L.K.Mehta Poly. reported a profit before tax of Rs 1.00 crore, a notable increase from Rs 0.00 crore in both March 2023 and March 2022. However, the company experienced a negative change in working capital of Rs -3.00 crore in March 2024, which contributed to a cash flow after changes in working capital of Rs -1.00 crore. Cash flow from operating activities also reflected a decline, showing Rs -2.00 crore in March 2024, compared to Rs 0.00 crore in the previous two years. On a positive note, cash flow from financing activities was Rs 1.00 crore in March 2024, indicating some inflow, while cash flow from investing activities remained unchanged at Rs 0.00 crore across all three years. Overall, the company has not shown significant cash reserves, with cash and cash equivalents remaining at Rs 0.00 crore for the years ending March 2022, March 2023, and March 2024.
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