Garlon Polyfab Industries Ltd Reports Unaudited Financial Results for Quarter Ended September 2024
Garlon Polyfab Industries Limited has presented its unaudited financial results for the quarter and half year ended September 30, 2024. The company's statements include a limited review report prepared by chartered accountants.The results provide details on the company’s assets and liabilities across the current period compared to the previous fiscal year.
Financial Position (in Rupees Lac)
The unaudited financial position reveals key movements in the balance sheet, comparing data from the current year ended September 30, 2024, against the previous year ended September 30, 2023.| Particular | Current Year Ended (30/9/2024) | Previous Year Ended (30/9/2023) |
|---|---|---|
| Total Assets | 6.22 | 6.39 |
| Non-Current Assets (Sub Total) | 5.75 | 5.91 |
| Current Assets (Sub Total) | 0.47 | 0.48 |
| Total Equity and Liabilities | ||
| Shareholders Fund | 461.32 | 461.32 |
| Non-Current Liabilities (Sub Total) | ||
| Current Liabilities (Sub Total) | 197.50 | 195.61 |
Profitability Metrics and Operations
The company's financial statements include detailed operational data, covering income and expenses across various periods.For the period ended September 30, 2024, the financial performance includes:
- Total Expenses: The reported figure for total expenses was 145 (in Rupees Lac).
- Profit from Ordinary Activities before Tax: This amount is shown as 1.13.
- Net Profit/(Loss) for the period: The recorded net profit for the period stood at (2.39) in Rupees Lac.
Review and Accounting Compliance
The financial statements were reviewed by chartered accountants, who confirmed that the Statement was prepared by the company's management and approved by its Board of Directors.A note within the results specifies that the company has adopted Indian Accounting Standards (Ind-AS) for the financial year commencing from April 1, 2017, ensuring compliance with Ind AS. The unaudited statements were subject to a limited review, as conducted by the chartered accountants.
Stock Price Movement
As of 15:15, Garlon Polyfab Industries Ltd. shares are edging higher at ₹3.31, registering a sharp increase of +19.93%. The stock is currently trading completely flat in the market, as its intraday high and low are both 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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