Garlon Polyfab Industries Ltd Reports Unaudited Financial Results for Quarter Ended June 30, 2017
Garlon Polyfab Industries Ltd has released its unaudited financial results and Limited Review Report covering the quarter ended June 30, 2017. The company's performance metrics are detailed across various periods in the reported statement.The net profit or loss for the period from continuing operations was recorded at (31,964.00) for the quarter ended June 30, 2017. For comparison, the results included a net loss of (38,98,997.93) for the previous quarter ending March 31, 2017, and a net loss of (1,05,721.00) for the year ended June 30, 2016.
The financial results also showed that the company recorded an extra ordinary item amounting to (42,16,160.93).
Key financial data across the reported quarters and years is presented below:
| Metric | Quarter Ended 30.06.17 | Quarter Ended 31.03.17 | Year Ended 30.06.16 | Year Ended 31.03.17 |
|---|---|---|---|---|
| Profit (Loss) before exceptional items and extraordinary items and tax | (4,46,851.00) | (1,05,721.00) | (7,64,014.00) | |
| Extra Ordinary Items | (38,98,997.93) | (1,05,721.00) | (42,16,160.93) | |
| Net profit / (Loss) for the period from continuing operations | (31,964.00] | (38,98,997.93) | (1,05,721.00) | (42,16,160.93) |
| Profit (Loss) for the period (after tax) | (1,05,721.00] | (42,16,160.93) | ||
| Paid up equity share capital (Face Value of Rs. 10 per Share) | 4,61,32,000.00 | 4,61,32,000.00 | 4,61,32,000.00 | 4,61,32,000.00 |
The results were reviewed by the Audit committee and approved by the Board of Directors at a meeting held on July 29, 2017.
A reconciliation of Net Profit between Previous GAAP and Ind-AS for the relevant periods is provided in the following table:
| Nature of adjustments | Quarter Ended 30/06/2017 | Quarter Ended 31/03/2017 | Quarter Ended 30/06/2016 | Previous Year ended 31/03/2017 |
|---|---|---|---|---|
| Net Profit for the Period under Ind AS |
Stock Price Movement
As of 15:15, Garlon Polyfab Industries Ltd. is edging higher, trading at a current rate of ₹3.31, which reflects a significant gain of 19.93%. The shares are completely flat and locked, as the stock's intraday range remains entirely fixed 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.