Garlon Polyfab Industries Ltd Announces Unaudited Financial Results for Quarter Ended June 2020
Garlon Polyfab Industries Limited has released its unaudited financial results, accompanied by a limited review report, for the quarter ending June 30, 2020. The statement was reviewed by Chartered Accountants P. D. Agrawal & Co., and is intended for the Board of Directors.The financial statements were prepared by the Company’s management in compliance with Indian Accounting Standards (Ind AS), which has been adopted by the company since April 1, 2017. The review was conducted according to the Standard on Review Engagement (SRE) 2410 of the Institute of Chartered Accountants of India.
Based on the review, P. D. Agrawal & Co. noted that nothing came to their attention that suggested the statements were not prepared in all material respects in accordance with Ind AS and recognized accounting practices, nor that they contained any material misstatement. The management is responsible for ensuring that the accounting policies used are consistent with those used in the preparation of the company's opening unaudited Balance Sheet as at April 1, 2020.
The company also highlighted key aspects of the results:
- Note 2 to the Statement confirmed the adoption of Ind AS for the financial year commencing from April 1, 2017.
- It was noted that the management furnished all comparative figures and reconciliation to Total Comprehensive Income, which were not reviewed by the accountants.
The key financial performance metrics for Garlon Polyfab Industries Ltd across the reported periods are summarized below:
| Particulars | Quarter Ended 30.06.20 Unaudited | Quarter Ended 31.03.20 Unaudited | Quarter Ended 30.06.19 Unaudited | Year Ended 31.03.20 Audited |
|---|---|---|---|---|
| Total Income from operations (1 + IT) | ||||
| Cost of materials consumed | ||||
| Purchase of stock-in-trade | ||||
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | ||||
| Employees benefits expense | 0.36 | |||
| Depreciation and amortisation expense | ||||
| Finance Cost | 0.37 | |||
| Other expenses Total Expenses | 0.26 | 0.14 | 1.01 | |
| Profit (Loss) before interest and tax (I-IV) | 0.62 | 0.88 | 0.14 | 2.42 |
| Exceptional Items and extraordinary items | 0.62 | (0.88) | (0.19) | @0.42 |
| Net Profit/(Loss) before tax (VII-VIII) | ||||
| Tax Expense: Current Tax | (0.62) | |||
| Net profit /(Loss) for the period from continuing operations (IX-X) | (0.62) | |||
| Profit (Loss) for the period from discontinuing operations (after tax) | 461.32 | |||
| Other Comprehensive Income | (0.62) |
The company provided certain financial details related to share capital and earnings per share:
| Particulars | Amount / Figure |
|---|---|
| Paid up equity share capital (Face Value of Rs. 10/- per Share) | |
| Earnings Per Share (EPS) Basic | (0.00) |
Stock Price Movement
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