Please find attached herewith Financial Results for quarter ending 31.12.2021
Awaiting price reaction for this filing.
Garlon Polyfab Industries reported zero income from operations for Q3 FY22 (quarter ended 31 December 2021), continuing the trend of no business activity seen in both the previous quarter and the corresponding quarter of the previous year. The company posted a small net loss of ₹0.38 lakh, narrower than the ₹0.48 lakh loss in Q2 FY22 and the ₹0.58 lakh loss in Q3 FY21. Total expenses were minimal at ₹0.38 lakh, driven almost entirely by employee benefit costs of ₹0.36 lakh. For the nine months ended December 2021, cumulative net loss stood at ₹1.23 lakh versus ₹1.58 lakh in the year-ago period, while the full year FY21 had shown a marginal profit of ₹3.79 lakh. The statutory auditor (P.D. Agarwal & Co.) issued an unmodified limited review report, drawing attention to the Ind AS transition and noting that prior comparative figures were not reviewed by them. Basic and diluted EPS for the quarter was ₹(0.08).
Sustained zero revenue combined with recurring losses is a major red flag for shareholders — the company appears to have effectively suspended its core operations with no visible revenue pipeline, raising serious questions about business continuity and the long-term value of the stock.