Garlon Polyfab Industries Ltd Releases Financial Results for Quarter Ending March 31, 2020
Garlon Polyfab Industries Limited has released its financial results and statement of assets and liabilities for the quarter ended March 31, 2020, alongside audited results for the previous period.The company's financial statements are presented in Lacs and provide a snapshot of its asset structure and equity positioning as of March 31, 2020.
Financial Position Summary (As on March 31, 2020)
A summary of the standalone statement of assets and liabilities highlights the company's financial standing:| Particulars | Current year ended (31/03/2020) | Previous year ended (31/03/2019) |
|---|---|---|
| Total Assets | 6.42 | 6.50 |
| Non-Current Assets | ||
| Long term loans and advances | 5.76 | 5.76 |
| Sub Total - Non Current Assets | 5.76 | 5.76 |
| Current Assets | ||
| Cash and Cash equivalents | 0.66 | 0.74 |
| Sub Total - Total Current Assets | 0.66 | 0.74 |
| Shareholders Fund | ||
| Share Capital | 461.32 | 461.32 |
| Reserves and Surplus | -649.81 | -647.40 |
| Sub Total - Shareholders Fund | ~188.49 | ~186.08 |
| Current Liabilities | 194.91 | 192.58 |
| Total Equity and Liabilities | 6.42 | 6.50 |
Operational Performance Highlights
The unaudited financial results for the quarter ending March 31, 2020, along with prior period comparative figures, detail the company's operational performance. Key indicators for the respective periods are presented below:| Metric | Quarter Ended (31/03/2020) | Year Ended (31/03/2019) |
|---|---|---|
| Revenue from Operations | 3 | - |
| Profit before Tax | 20 | - |
| Net Profit / Equity (per Ind-AS) | 2 | 0 |
| Total Comprehensive Income | 1 | 05 |
The standalone financial results for the quarter and year ended March 31, 2020, have been reviewed by an Audit Committee and approved by the Board of Directors.
Stock Price Movement
Garlon Polyfab Industries Ltd is ticking up sharply at ₹3.31 as of 15:15, showing a significant gain of 19.93%. The shares are currently trading completely flat, with the intraday high and low both registered at the same level.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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