How has been the historical performance of the Lakshya Powertec?
Lakshya Powertec has shown significant growth from March 2022 to March 2024, with share capital increasing from Rs 0.10 crore to Rs 8.31 crore and total assets rising from Rs 17.42 crore to Rs 82.26 crore, alongside improved profitability despite negative cash flow from operations. Long-term borrowings decreased, indicating better debt management.
Answer:The historical performance of Lakshya Powertec shows significant growth in its financial metrics over the past three years, particularly from March 2022 to March 2024.Breakdown:
Lakshya Powertec's share capital increased from Rs 0.10 crore in March 2022 to Rs 8.31 crore in March 2024, indicating a substantial rise in equity. Total reserves also saw a remarkable growth, climbing from Rs 3.80 crore in March 2022 to Rs 23.70 crore in March 2024. Shareholder's funds rose significantly from Rs 3.90 crore in March 2022 to Rs 32.01 crore in March 2024. However, long-term borrowings decreased from Rs 6.55 crore in March 2023 to Rs 2.64 crore in March 2024, reflecting a reduction in debt. Total liabilities surged from Rs 17.42 crore in March 2022 to Rs 82.26 crore in March 2024, driven by an increase in short-term borrowings, which rose from Rs 5.00 crore in March 2022 to Rs 26.36 crore in March 2024. On the asset side, total assets increased from Rs 17.42 crore in March 2022 to Rs 82.26 crore in March 2024, with current assets showing a significant rise from Rs 14.76 crore to Rs 72.20 crore over the same period. Profit before tax improved from Rs 1.00 crore in March 2022 to Rs 20.00 crore in March 2024, although cash flow from operating activities remained negative, indicating challenges in cash generation despite the profit growth. Overall, the company has demonstrated strong growth in equity and assets, alongside increasing profitability, while managing its debt levels.
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