Garlon Polyfab Q1 FY23 Results: Net Loss of Rs 0.39 Lacs

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Garlon Polyfab posted a net loss of Rs 0.39 lacs for Q1 FY23 (quarter ended June 30, 2022), versus a Rs 1.05 lacs loss in the prior quarter and Rs 0.37 lacs loss in the year-ago quarter. Total expenses were Rs 0.39 lacs. Statutory auditor P.D. Agarwal & Co. issued an unqualified limited review report with no material misstatements flagged. EPS was essentially zero (negative). Revenue base remains negligible.

Likely market impact

Continued losses for small-cap textile firm with near-zero revenue. No visible catalyst; shares likely to remain thinly traded and range-bound.