How has been the historical performance of Wherrelz IT?
Wherrelz IT's historical performance from March 2019 to March 2022 shows significant growth in shareholder's funds, increasing from Rs 0.07 crore to Rs 1.37 crore, and total assets rising from Rs 0.08 crore to Rs 1.49 crore, with cash and bank balances reaching Rs 1.29 crore. Despite no profit before tax, the company's financial foundation has strengthened considerably.
Answer:The historical performance of Wherrelz IT shows a significant increase in shareholder's funds and total assets over the years, with notable growth in cash and bank balances.Breakdown:
Wherrelz IT's financial performance from March 2019 to March 2022 indicates a substantial increase in shareholder's funds, rising from Rs 0.07 crore in March 2019 to Rs 1.37 crore in March 2022. Total assets also grew significantly, from Rs 0.08 crore in March 2019 to Rs 1.49 crore in March 2022. The company's cash and bank balances saw a remarkable increase, reaching Rs 1.29 crore in March 2022, up from Rs 0.04 crore in March 2019. Additionally, the book value per share adjusted rose from Rs 8.4 in March 2019 to Rs 35.06 in March 2022, reflecting a positive trend in the company's equity position. Overall, while the company reported no profit before tax during this period, the growth in assets and funds suggests a strengthening financial foundation.
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