Garlon Polyfab Industries Ltd Reports Standalone Financial Results for Quarter Ended March 31, 2021
Garlon Polyfab Industries Limited has released its standalone financial results and statements of assets and liabilities for the quarter ended March 31, 2021, along with the year to date results for the period from April 01, 2020, to March 31, 2021. These financial outcomes have been audited by Statutory Auditors.The company provided a detailed view of its financial standing across the reporting periods. The analysis of Net Profit in Equity against Comprehensive Income showed specific operational and financial results for both the quarter and the year to date.
Financial Position Overview (In Lacs)
The statement of assets and liabilities provides a comparison of the company's financial structure between the current year, March 31, 2021, and the previous fiscal year, March 31, 2020.A summary of the standalone statements is presented below:
| Particulars | As of 31/03/2021 (Current Year) | As of 31/03/2020 (Previous Year) |
|---|---|---|
| Total Assets | 6.15 | 6.42 |
| Equity and Liabilities | ||
| Shareholders Fund: Share Capital | 46,132 | 461.32 |
| Shareholders Fund: Reserves and Surplus | -653.60 | -649.81 |
| Total Current Liabilities: Short term borrowings | 191.76 | 189.08 |
| Total Current Liabilities: Trade payables | 5.95 | 4.81 |
Asset and Liability Structure Details
The balance sheet details show the distribution of assets and liabilities across both years, highlighting fixed assets, current investments, and short-term obligations.Key components of the asset side include:
- Non Current Assets: Long term loans and advances stood at 5.76 in both the current year and the previous year.
- Current Assets: Cash and Cash equivalents were reported as 0.39 for the current year, compared to 0.66 in the previous year.
The equity and liability side of the balance sheet structure shows:
- Share Capital: The Share Capital stood at 46,132 in the current year, a significant figure when compared to 461.32 in the preceding year.
- Liabilities: Short term borrowings accounted for 191.76 in the current year, marginally higher than the 189.08 reported in the previous financial year.
Stock Price Movement
As of 15:15, Garlon Polyfab Industries Ltd is edging higher at ₹3.31, showing a notable increase of +19.93%. The shares are trading completely flat, with the intraday high and low both locked at the current price 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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