Garlon Polyfab Industries Ltd Releases Unaudited Financial Results for Quarter Ended December 31, 2019
Garlon Polyfab Industries Limited has announced its unaudited financial results for the quarter ended December 31, 2019, and for the nine months ended December 31, 2019. These results were approved by the Board of Directors following a meeting held on February 14, 2020.The standalone financial results for both the quarter and the nine months have been reviewed by Statutory Auditors. The company has also conducted reconciliation of Net Profit and Equity as previously reported under Indian GAAP (IGAAP) with Ind-AS for these periods.
Financial performance indicators for Garlon Polyfab Industries Ltd. across the reporting periods are summarized below:
| Financial Metric | Quarter Ended 31/12/2019 (In Lacs) | Nine Months Ended 31/12/2019 (In Lacs) | Year Ended 31/12/2018 (In Lacs) |
|---|---|---|---|
| Income from Operations | 0.00 | 13.10 | 0.00 |
| Total Income from Operations | 0.00 | 13.10 | 0.00 |
| Total Expenses | 109.00 | 470.00 | 154.00 |
| Profit (Loss) before Exceptional and Extraordinary Items | (2.34) | (1.54) | (1.11) |
| Net Profit (Loss) before Tax | (2.34) | (1.54) | (1.11) |
| Net Profit (Loss) for the period from continuing operations | (0.31) | (0.70) | (1.54) |
The company’s management is responsible for the Statement, which was prepared in compliance with Ind AS and other recognized accounting practices and policies. The statutory auditors confirmed that nothing came to their attention that suggested the statement had not been prepared in all material respects in accordance with Ind AS.
Stock Price Movement
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