Garlon Polyfab Industries Ltd Releases Unaudited Financial Results for Quarter Ended December 31, 2023
Garlon Polyfab Industries Limited announced the approval of its unaudited financial results for the quarter ended December 31, 2023. The Board of Directors reviewed and sanctioned these results at a meeting held on February 14, 2024.The company's unaudited financial statements were subjected to a limited review by P.D. Agrawal & Co., Chartered Accountants.
According to the auditors' report, nothing came to their attention that suggests the statements have not been prepared in all material respects in accordance with Indian Accounting Standards (Ind AS) and recognized accounting practices, nor do they contain any material misstatement. The audit noted that management is responsible for the preparation of these statements, which were prepared in compliance with Ind AS.
The auditors confirmed that while reviewing the company's unaudited financial results, a specific scope limitation was noted regarding comparative figures. Specifically, the auditor had not reviewed the reconciliation to Total Comprehensive Income for the quarter ended on December 31, 2023, as these figures were furnished by management.
The detailed unaudited financial performance across various periods and metrics is presented in the table below:
| Particulars | Current Quarter Ended Dec 31, 2023 | Previous Quarter | Year Ended 31 March 2023 | Year Ended 31 March 2022 |
|---|---|---|---|---|
| Revenue | [Data Point] | [Data Point] | [Data Point] | [Data Point] |
| Total Comprehensive Income | [Data Point] | [Data Point] | [Data Point] | [Data Point] |
The report further highlighted the adoption of Ind AS by the Company, stating that the Statement was prepared in compliance with Ind AS.
Stock Price Movement
As of 15:15, Garlon Polyfab Industries Ltd is edging higher at ₹3.31, reflecting a strong gain of 19.93%. Despite the movement on paper, shares are trading completely flat today as the intraday high and low remain locked at ₹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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