Garlon Polyfab Industries Ltd Releases Q3 FY2024 Unaudited Results with Limited Review Report
Garlon Polyfab Industries Ltd has released its unaudited financial results for the quarter ended December 31, 2024. The statement includes a Limited Review Report conducted by D.C. Shukla & Co. Chartered Accountants, along with comparable figures from previous periods.The review was conducted in accordance with Standard on Review Engagement (SRE) 2410, which requires the auditor to plan and perform the review to obtain moderate assurance regarding the financial statements' freedom from material misstatement. The independent auditors stated that based on their limited review, nothing had come to their attention to suggest that the Statement was not prepared in all material respects according to Ind AS and recognized accounting practices, nor that it contained any material misstatement.
The company also noted that the statements were prepared by management in compliance with Indian Accounting Standards (Ind AS), having adopted Ind AS for the financial year commencing from April 1, 2017.
Financial Performance Snapshot
The provided data details the turnover and income of various particulars across different reporting periods: the quarter ended December 31, 2024; the quarter ended December 31, 2023 (unaudited); the nine months ended March 31, 2024 (audited), and the nine months ending December 31, 2024.Key financial particulars for the respective periods are summarized below:
| Particulars | Q Ended 31-12-2024 (Unaudited) | Q Ended 31-12-2023 (Unaudited) | 9 Months Ended 31-Mar-2024 (Audited) |
|---|---|---|---|
| Turnover (Rs. in Lacs) | 461 | 350 | 3,509 |
| Operating Profit / Loss | 0.00 | 0.00 | N/A |
| Net Expense | 2061 | 451 | N/A |
| Tax Expense | 200 | 0.00 | N/A |
| Profit After Tax from Continuing Operations | 439 | 175 | N/A |
| Total Comprehensive Income | 461 | 18 | N/A |
Detailed Financial Figures
The company's financial performance metrics, including various costs and expenses, are detailed across the reported periods:| Particulars | Q Ended 31-12-2024 (Unaudited) | Q Ended 31-12-2023 (Unaudited) | 9 Months Ended 31-Mar-2024 (Audited) |
|---|---|---|---|
| Cost of Consumed Material | 0.00 | 0.00 | N/A |
| Change in Reserves or Funds | 0.00 | 0.30 | 1.08 |
| Employee benefits expense | 0.00 | 0.00 | N/A |
| Depreciation and Amortization Expense | 0.00 | 0.00 | N/A |
| Finance Cost | 0.00 | 0.18 | N/A |
| Other Expenses | 0.25 | 0.05 | 3.47 |
| Total Expenses | 0.61 | 0.05 | 317 |
| Exceptional Items | 0.00 | 0.00 | N/A |
| Profit before tax (PBT) | 2061 | 451 | N/A |
| Net Expense | 0.00 | 0.00 | N/A |
| Tax Expense | 200 | 0.00 | N/A |
| Profit After Tax from Continuing Operations | 439 | 175 | N/A |
| Total Comprehensive Income | 461 | 18 | N/A |
The review also confirmed that the Company’s basic Earnings Per Share (EPS) stood at 10.13 and the diluted EPS was as per Ind AS, with the total comprehensive income figure at 461.
Stock Price Movement
As of 15:15, Garlon Polyfab Industries Ltd. shares are edging higher at ₹3.31, which reflects a solid 19.93% gain for the stock. Despite the increase, the company's share price is currently locked, trading completely flat between its intraday high and low of ₹3.31.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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