Garlon Polyfab Industries Limited
Board Approval
The Board of Directors approved the audited financial results at a meeting held on June 29, 2020. The meeting commenced at 04:00 PM and concluded at 05:00 PM.
Financial Results Highlights
Quarter Ended March 31, 2020 (Current Year) vs. March 31, 2019 (Previous Year)
- Total Revenue: ₹0.00 lakh (Previous Year: ₹0.00 lakh)
- Total Expenses: ₹0.88 lakh (Previous Year: ₹1.09 lakh)
- Employee benefits expense: ₹0.51 lakh (Previous Year: ₹0.90 lakh)
- Other expenses: ₹0.37 lakh (Previous Year: ₹0.19 lakh)
- Net Loss before tax: ₹(0.88) lakh (Previous Year: ₹(1.09) lakh)
- Tax Expense: ₹0.00 lakh (Previous Year: ₹0.00 lakh)
- Net Loss for the period: ₹(0.88) lakh (Previous Year: ₹(1.09) lakh)
- Earnings Per Share (EPS):
- Basic: Not quantifiable/₹(0.00) (Previous Year: ₹(0.00))
- Diluted: Not quantifiable/₹(0.00) (Previous Year: ₹(0.00))
Year Ended March 31, 2020 (Current Year) vs. March 31, 2019 (Previous Year)
- Total Revenue: ₹4.33 lakh (Previous Year: ₹0.00 lakh)
- Total Expenses: ₹4.33 lakh (Previous Year: ₹2.42 lakh)
- Finance Cost: ₹4.33 lakh (Previous Year: ₹1.41 lakh)
- Other expenses: ₹0.00 lakh (Previous Year: ₹1.01 lakh)
- Net Profit/(Loss) before tax: ₹8.77 lakh (Previous Year: ₹(2.42) lakh)
- Tax Expense: ₹0.00 lakh (Previous Year: ₹0.00 lakh)
- Net Profit/(Loss) for the period: ₹8.77 lakh (Previous Year: ₹(2.42) lakh)
- Earnings Per Share (EPS):
- Basic: ₹0.19 (Previous Year: ₹(0.05))
- Diluted: ₹0.19 (Previous Year: Not quantifiable)
Balance Sheet Position as of March 31, 2020
- Total Assets: ₹6.42 lakh (Previous Year: ₹6.50 lakh)
- Non-Current Assets: ₹5.76 lakh (Long term loans and advances)
- Current Assets: ₹0.66 lakh (Cash and Cash equivalents)
- Total Equity and Liabilities: ₹6.42 lakh (Previous Year: ₹6.50 lakh)
- Shareholders' Fund: ₹(188.49) lakh (Negative)
- Share Capital: ₹461.32 lakh
- Reserves and Surplus: ₹(649.81) lakh
- Current Liabilities: ₹194.91 lakh
- Short term borrowings: ₹189.08 lakh
- Trade payables: ₹4.81 lakh
- Other short term provisions: ₹1.02 lakh
Additional Information
- Paid-up equity share capital: ₹461.32 lakh (Face Value of ₹10/- per share)
- The results have been prepared in compliance with Indian Accounting Standards (Ind-AS).
- A note states that due to COVID-19, the unaudited quarterly and year-end results were taken by the board on June 15, 2020, within the extended period provided by SEBI.
The above information is also available on the company's website at https://www.garlonpolyfabindustriesitd.com/.