Garlon Polyfab Industries Releases Unaudited Financial Results for Quarter Ending September 30, 2024
Garlon Polyfab Industries Ltd has announced its unaudited financial results for the quarter ended September 30, 2024. These results have been reviewed by Chartered Accountants and reflect the company's financial position and operational performance during the period.The company’s standalone Statement of Assets and Liabilities for the quarter ending September 30, 2024, compared to the previous year ending September 30, 2023, showed specific movements in its assets and equity structure.
Financial Position Summary (Quarter Ended September 30, 2024)
The Balance Sheet data highlights key figures from both the current quarter and the preceding year.| Particulars | Current Year ended (30/9/2024) | Previous year, ended (30/9/2023) |
|---|---|---|
| Total Assets | 6.22 | 6.39 |
| Current Liabilities | 197.50 | 195.61 |
| Shareholders Fund | 461.32 | |
| Total Current Assets | 0.47 | 0.48 |
Cash Flow and Operating Performance
The company's cash flow statement data for the quarter ending September 30, 2024, indicates net financial flows across operating, investing, and financing activities.Key figures from the cash flow analysis include:
- Cash Flow From Operating Activities: 0.36 (Current Year) and 010 (Previous Year).
- Net Increase In Cash and Cash Equivalents: 011 (Current Year) and 0.10038 (Previous Year).
- Cash and Cash equivalents Opening Balance: 047, with a Closing balance of (.48) for the previous period.
Audit Review Details
The unaudited financial results were reviewed by chartered accountants in accordance with the Standard on Review Engagement (SRE) 2410. The review involved inquiries of company personnel and analytical procedures applied to the financial data, offering moderate assurance regarding material misstatement.One note highlighted within the review materials indicated that the Company has adopted Ind AS for the financial year commencing from April 1, 2017, and the Statement was prepared in compliance with Ind AS.
Stock Price Movement
Garlon Polyfab Industries Ltd. is ticking up sharply as of 15:15, trading at ₹3.31 after showing a significant rise of +19.93%. However, despite this gain, the shares are trading completely flat within their intraday range, maintaining a tight market action.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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