Garlon Polyfab Industries Reports Unaudited Financial Results for Quarter Ended December 31, 2021
Garlon Polyfab Industries Limited has announced its unaudited financial results for the quarter ended December 31, 2021. The company's statement included a Limited Review Report prepared by Chartered Accountants P.D. Agrawal & Co.The financial data released reflects performance across various periods, including the quarter ending December 31, 2021, and nine months ended January 31, 2021.
Quarterly Performance Overview (Quarter Ended Dec 31, 2021)
Key operational figures for the quarter ended December 31, 2021, showed Total Expenses at 0.38 Lakhs, resulting in a Profit/(Loss) before tax of (0.38) Lakhs. The company's Total Comprehensive income for the period was reported as 0.Financial metrics related to continuing operations showed:
- Net profit (loss) for the period from continuing operations stood at (0.38) Lakhs.
- Earnings Per Share (EPS) were recorded at (0.08) Basic and (0.10) Diluted.
The results presented are in compliance with Indian Accounting Standards (Ind-AS).
| Particulars | Quarter Ended 31/12/2021 (Unaudited) | Nine Months Ended 31/12/2021 (Unaudited) | Year Ended 31/03/2021 (Audited) |
|---|---|---|---|
| Total Income from operations | - | - | 0.09 |
| Cost of materials consumed | 3 | 3 | 5 |
| Purchase of stock-in-trade | 9 | 1 | 9 |
| Employees benefit expense | 0.36 | 108 | 144 |
| Total Expenses | 0.38 | 1.23 | 3.88 |
| Profit (Loss) before tax | (0.38) | (1.23) | 0.58 |
| Tax Expense (Total) | 9 | - | - |
| Net profit (loss) for the period from continuing operations | (0.38) | (1.23) | 0.58 |
| Total Comprehensive Income | 0 | 76T | 261 |
| Paid up equity share capital | 761 | - | 76T |
The statutory auditors conducted a Limited Review of the financial results for the quarter and nine months ended December 31, 2021. The review was carried out in accordance with the Standard on Review Engagement (SRE) 2410 issued by the Institute of Chartered Accountants of India. Based on this review, nothing came to the auditors' attention that suggested the statement had not been prepared in all material respects in accordance with Ind AS and other recognized accounting practices and policies.
Stock Price Movement
As of 15:15, shares of Garlon Polyfab Industries Ltd are edging higher at ₹3.31, reflecting a strong gain of +19.93%. The stock is currently trading completely flat, having maintained its high and low entirely within the same price range.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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