Please find attached herewith Financial Results for quarter ended 31.12.2021
Awaiting price reaction for this filing.
Garlon Polyfab Industries, a small Kanpur-based company (paid-up equity of Rs 4.61 crore), reported Q3 FY22 results showing essentially zero income from operations for both the current and previous quarter. Other income was also nil across quarters, leaving total income from operations at almost nothing. The company recorded a net loss of Rs 0.38 lakh in Q3 FY22 and a cumulative loss of Rs 1.23 lakh for the nine months ended December 2021, against a profit of Rs 3.79 lakh in the full FY21. The only expenses were employee benefits (Rs 0.36 lakh) and other expenses (Rs 0.02 lakh). Basic EPS stood at negative Rs 0.08 for the quarter. The statutory auditor (P.D. Agarwal & Co.) issued an unqualified limited review report, and the results were approved at the Board meeting on 7 February 2022.
For shareholders — the company appears operationally inactive with no revenue-generating business in recent quarters, posting continuing small losses. This is a micro-cap stock with negligible trading activity; investors should treat it as effectively a non-operating entity with limited visible earnings prospects.