Garlon Polyfab Industries Limited submitted its audited financial results for the quarter and year ended March 31, 2022, to BSE Limited pursuant to Regulation 33(3)(a) of SEBI LODR Regulations, 2015.
The Board of Directors meeting was held on May 30, 2022, from 4:00 PM to 5:00 PM, where they approved the unaudited financial results for the quarter ended March 31, 2022, along with the auditor's report.
Financial Performance (Amounts in ₹ Lakhs)
Quarter Ended March 31, 2022:
- Income From Operations: Nil
- Other Income: Nil
- Total Income: Nil
- Employee Benefits Expense: ₹0.36
- Depreciation and Amortization Expense: Nil
- Finance Cost: Nil
- Other Expenses: ₹0.69
- Total Expenses: ₹1.05
- Loss Before Tax: ₹(1.05)
- Tax Expense: Nil
- Net Loss: ₹(1.05)
- Basic EPS: Not quantifiable (loss position)
- Diluted EPS: Not quantifiable (loss position)
Year Ended March 31, 2022 (Audited):
- Income From Operations: Nil
- Other Income: Nil
- Total Income: Nil
- Employee Benefits Expense: ₹1.64
- Depreciation and Amortization Expense: ₹0.64
- Finance Cost: Nil
- Other Expenses: Not separately quantified
- Total Expenses: ₹2.28
- Loss Before Tax: ₹(2.28)
- Tax Expense: Nil
- Net Loss: ₹(2.28)
- Basic EPS: Not quantifiable (loss position)
- Diluted EPS: Not quantifiable (loss position)
Comparative Figures (Previous Periods):
- Quarter Ended December 31, 2021: Net Loss ₹(0.38) lakh
- Quarter Ended March 31, 2021: Net Loss ₹(2.21) lakh
- Year Ended March 31, 2021: Net Loss ₹(3.79) lakh
Balance Sheet Position (as of March 31, 2022)
Assets:
- Non-Current Assets: ₹5.76 lakh (Non-current investments: ₹5.76 lakh)
- Current Assets: ₹0.30 lakh (Cash and Cash equivalents: ₹0.30 lakh)
- Total Assets: ₹6.06 lakh
Equity and Liabilities:
- Share Capital: ₹461.32 lakh
- Reserves and Surplus: ₹(655.89) lakh
- Shareholders' Fund: ₹(194.57) lakh
- Current Liabilities: ₹200.63 lakh (Short-term borrowings: ₹192.46 lakh, Trade payables: ₹7.39 lakh, Short-term provisions: ₹0.78 lakh)
- Total Equity and Liabilities: ₹6.06 lakh