Please find attached herewith Financial Results for quarter ending 31st December 2023
Awaiting price reaction for this filing.
Garlon Polyfab Industries Ltd has filed its unaudited quarterly financial results for Q3 FY24 (quarter ended 31 December 2023) along with the limited review report from statutory auditor P.D. Agarwal & Co. The auditor issued an unqualified review report, stating that nothing came to their attention suggesting the results were not prepared in accordance with Ind AS or Regulation 33 requirements. However, the auditor drew attention to two matters: (1) the company's adoption of Ind AS, and (2) the fact that comparative figures for the quarter ended 31 December 2022 and prior periods were furnished by management and were not independently reviewed by them. The results also include nine-months-ended and year-ended figures, but specific line-item values are difficult to read clearly from the scanned document.
This is a routine quarterly compliance filing with no qualified opinion or adverse remarks, which is broadly neutral for shareholders. Investors should note that prior-period comparatives were not independently reviewed, so year-on-year comparisons should be read with that caveat in mind.