Garlon Polyfab Industries Ltd Releases Financial Results: Standalone Balance Sheet and Operational Overview
Garlon Polyfab Industries Ltd has released its financial results for the quarter and year ended March 31, 2023, detailing the company's assets, liabilities, and operational performance. The results were reviewed by the independent auditors in compliance with relevant accounting standards.Financial Position as of March 31, 2023
The company’s standalone financial statement reflects specific figures for its assets and equity. For the year ended March 31, 2023 (in Lacs), the key components are detailed below:| Particular | Amount (Lacs) |
|---|---|
| Total Assets | 6.13 |
| Non-Current Assets | 5.76 |
| Current Assets | 0.37 |
| Total Equity and Liabilities | 6'1: |
| Share Capital | 461.32 |
| Reserves and Surplus | -658.43 |
| Short Term Borrowings | 193.36 |
| Trade Payables | 3.85 |
Operational Performance Highlights
The company's financial results for the year ended March 31, 2023, include details regarding expenses and profitability. The figures pertaining to operational metrics are presented as follows:| Metric (in Lees) | Value |
|---|---|
| Total Expenses | 098 |
| Profit before Exceptional Items and Extraordinary Items | (098) |
| Net Profit/(Loss) before Tax | 08 / ) g / (10%) |
Auditor's Opinion on Financial Results
The independent auditors have provided an opinion on the standalone financial results for both the annual period ended March 31, 2023, and the quarter ended March 31, 2023.Regarding the annual results, the auditor confirmed that the standalone financial result provides a true and fair view concerning the net loss after tax and other comprehensive income of the Company for the year ended March 31, 2023, in accordance with Indian Accounting Standards (Ind AS).
Concerning the quarter ended March 31, 2023, the audit review concluded that nothing has come to the auditor's attention to suggest that the standalone financial results have not disclosed all required information or contain any material misstatement.
Stock Price Movement
At 15:15, shares of Garlon Polyfab Industries Ltd. are ticking up significantly at ₹3.31, reflecting a gain of 19.93%. The stock is currently trading completely flat, as it has remained locked at this price point throughout the day session.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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