Garlon Polyfab Industries Reports Financial Results for Quarter Ending September 2023
Garlon Polyfab Industries Ltd has released its unaudited financial results and cash flow statement for the quarter ending September 30, 2023. The company's financial standing shows trends in assets, liabilities, and profitability compared to the previous fiscal year ending September 30, 2022.The Balance Sheet details for Garlon Polyfab Industries are presented below:
| Financial Metric | Ended 30/9/2023 | Ended 30/9/2022 |
|---|---|---|
| Total Assets | 6.39 | 6.17 |
| Shareholders Fund (Sub Total) | -199.51 | -195.45 |
| Current Liabilities | 205.90 | 201.62 |
Focusing on the structure of the Balance Sheet, Non-Current Assets stood at 5.91 in the current year, compared to 5.76 in the previous fiscal year. Total Current Assets were reported as 0.48 for the quarter ending September 30, 2023, against 0.41 for the year ended September 30, 2022.
The company's equity and liabilities side shows Shareholders Fund totals at -199.51 for the current quarter versus -195.45 in the prior period. Current Liabilities stood at 205.90, up from 201.62 in the previous year.
Cash Flow Performance
The Cash Flow Statement provides insights into operational efficiency and cash generation. For the year ended September 30, 2023, Net Profit Before Tax and Extraordinary Items stood at 239 units, significantly higher than the 88 units recorded for the corresponding period in the previous financial year.Net Increase In Cash and Cash Equivalents was reported as 10 units for the current year, compared to 11 units in the preceding year. Cash and Cash equivalents Closing balance stood at 48 units on September 30, 2023, up from a closing balance of 41 units in the previous period.
Key components of operating activities include:
- Net Profit Before Tax & Extraordinary Items: 239 (Current Year) vs 88 (Previous Year).
- Cash Generated From Operations: 209 (Current Year).
- Cash Flow From Operating Activities: 10 (Current Year).
The financial statements also detail the composition of liabilities, noting that Current Liabilities for the current year included Short Term Borrowings at 3.85 and Other current Liabilities at 6.44.
Stock Price Movement
Garlon Polyfab Industries Ltd is edging higher as of 15:15, currently trading at ₹3.31, marking a significant gain of 19.93%. Despite the impressive jump, shares remain completely flat today, with both the intraday high and low locked firmly 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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