Garlon Polyfab Industries Reports Quarterly Results for Q4 2023; Financials Reviewed by Chartered Accountants
Garlon Polyfab Industries Limited has published its audited financial results and a limited review report for the quarter ended December 31, 2023. The company’s statements have been reviewed by P.D. Agarwal & Co. Chartered Accountants, with findings presented in the accompanying reports.The audited financial results cover three reporting periods: Quarter ended December 31, 2023; Quarter ended December 31, 2022; and Quarter ended March 31, 2023. Key operational metrics and expenses detailed in the results include figures for SIS (Specific Indicator/Segment Information) and Income Statement (IS).
The financial data reported across the three quarters is summarized as follows:
| Particulars | Q4 Ended Dec 31, 2023 | Q4 Ended Dec 31, 2022 | Q1 Ended Mar 31, 2023 |
|---|---|---|---|
| SIS - | [T] 353.00 | ||
| 7 and 000 won] | 000 won] | ||
| IS (Income Statement) | |||
| Cost of sales/Goods & Services | |||
| Expenses |
A notable aspect highlighted in the review process is that the company has been adopting Ind AS for its financial year since April 1, 2017. The statements have been prepared by the Company’s Management in compliance with Ind AS.
Chartered Accountant's Review Findings
The limited review conducted by P.D. Agarwal & Co. was performed according to the Standard on Review Engagement (SRE) 2410 issued by the Institute of Chartered Accountants of India. The review provides moderate assurance, which is less than that provided by a full audit.Based on their review, the chartered accountants confirmed that nothing came to their attention suggesting that the statements were not prepared in all material respects in accordance with Ind AS and other recognized accounting practices. Furthermore, they found no material misstatement requiring disclosure.
The reviewers also noted that although comparative figures were provided by the Management for the quarter ended December 31, 2023, these figures were outside the scope of their review.
Stock Price Movement
As of 15:15, Garlon Polyfab Industries Ltd. shares are edging higher at ₹3.31, registering an impressive 19.93% gain today. However, despite this strong percentage movement, the stock is trading completely flat as its intraday high and low remain 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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