BSEGarlon Polyfab Industries LtdHighNeutral
Announced Thu, 2 Jul · 15:17 IST
Garlon Polyfab Q2 FY17 loss narrows but negative net worth remains
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Garlon Polyfab posted a Q2 FY17 net loss of about Rs 44,000, narrower than Rs 1.54 lakh in Q2 FY16. H1 FY17 loss was Rs 1.12 lakh vs Rs 1.98 lakh prior year. H1 revenue dropped to Rs 5.71 lakh from Rs 10.70 lakh. Shareholders funds are negative at Rs 1.28 crore with reserves at minus Rs 5.90 crore. Cash is just Rs 26,000. Auditor flagged Ind AS transition.
Likely market impact
Continued losses, negative net worth and minimal cash raise going concern flags for this small company.