Garlon Polyfab Industries Announces Unaudited Financial Results for Quarter Ended June 30, 2022
Garlon Polyfab Industries Ltd has released its unaudited financial results for the quarter ending June 30, 2022. The Company's Board of Directors considered and approved these results during a meeting held on August 8, 2022.The unaudited statements were reviewed by Chartered Accountants, who provided a limited review report confirming that the statements adhere to recognized accounting practices and Ind AS prescribed under Section 133 of the Companies Act, 2015.
Financial Performance Overview
The results present key operational and financial metrics across three quarters ending in 20221 and the corresponding full year of 2021. The detailed financial performance figures are presented below (all amounts in Rupees Lacs).| Metric | Q Ended 30.06.22 (Unaudited) | Q Ended 31.03.22 (Unaudited) | Q Ended 30.06.21 (Unaudited) | FY Ended 2021 (Audited) |
|---|---|---|---|---|
| Gross from Operations | 4 | N/A | N/A | 5 |
| Total Expenses | 0.39 | 0.69 | 0.17 | 0.84 |
| Profit (Loss) before exceptional items and tax levy | (1.39) | (1.05) | (0.37) | (2.28) |
| Net Profit/(Loss) for the period from continuing operations | (0.39) | 0.54 | (0.01) | N/A |
Equity and Capital Structure Details
The unaudited results also reflect details concerning the company's equity structure, as noted in the financial statements:| Metric | Value |
|---|---|
| Paid up equity share capital (Face Value of Rs. 0/- per Share) | 461.32 Lacs |
| Reserves (excluding valuation reserve) from previous year's Audited Balance Sheet | N/A |
| Basic Earnings Per Share (EPS) | (0.00) |
The results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting on August 8, 2022. The Company confirmed that these statements have been prepared in accordance with Indian Accounting Standards (Ind AS).
Stock Price Movement
As of 15:15, shares of Garlon Polyfab Industries Ltd are edging higher at ₹3.31, registering a solid 19.93% rise. However, the stock is currently trading completely flat, as its intraday high and low have converged entirely at the ₹3.31 mark.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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