Garlon Polyfab Industries Limited submitted its unaudited standalone financial results for the quarter and half year ended September 30, 2024, to the BSE Limited compliance department. The submission was made pursuant to Regulation 33 of the SEBI Listing Regulations.
Financial Performance (Quarter Ended September 30, 2024)
The company reported a net loss of ₹2.39 lakh for the quarter, compared to a net loss of ₹1.13 lakh in the corresponding quarter of the previous year (Q2 FY24 vs. Q2 FY23).
Income Statement Breakdown (Q2 FY24):
- Other Expenses: ₹1.67 lakh
- Total Expenses: ₹2.39 lakh
- Profit/(Loss) before tax: (₹2.39) lakh
- Tax Expense: ₹0.00
- Net Profit/(Loss) for the period: (₹2.39) lakh
Financial Position (As of September 30, 2024)
Assets:
- Total Assets: ₹6.22 lakh
- Non-Current Assets: ₹5.75 lakh (comprising solely of Non-current investments)
- Current Assets: ₹0.47 lakh (comprising solely of Cash and Cash equivalents)
Equity and Liabilities:
- Shareholders' Fund: (₹202.63) lakh (Negative Equity)
- Share Capital: ₹461.32 lakh
- Reserves and Surplus: (₹663.95) lakh (Accumulated Losses)
- Current Liabilities: ₹208.85 lakh
- Short-term borrowings: ₹197.50 lakh
- Trade payables: ₹3.98 lakh
- Other short term provisions: ₹7.37 lakh
- Total Equity and Liabilities: ₹6.22 lakh
Comparative Figures
Previous Year (Q2 FY23):
- Net Loss: ₹1.13 lakh
- Total Assets: ₹6.39 lakh
- Shareholders' Fund: (₹199.51) lakh
Notes and Compliance
1. The financial results have been prepared in compliance with Indian Accounting Standards (Ind-AS).
2. The results for the quarter and half year ended September 30, 2024, have been audited by the statutory auditors.
3. The statutory auditors, D.C. Shukla & Co., have carried out a 'Limited Review' of these results.
4. The auditors' report states that based on their review, nothing has come to their attention that causes them to believe the statement contains any material misstatement.
5. Previous period figures have been regrouped/reclassified for comparability.