Please find attached herewith financial results for quarter ended March 2022
Awaiting price reaction for this filing.
Garlon Polyfab Industries reported minimal revenue from operations for Q4 FY22 and full year FY22, with total expenses of Rs 2.44 lakh in Q4 and Rs 2.30 lakh for the full year. The company posted a net loss of Rs 1.05 lakh in Q4 FY22 and Rs 2.21 lakh for the full year FY22, compared to a loss of Rs 3.79 lakh in FY21. The balance sheet shows sharply negative shareholders' funds of Rs (194.57) lakh and negative reserves of Rs (655.89) lakh, indicating accumulated losses far exceeding capital. The auditor (P.D. Agrawal & Co.) issued an unmodified opinion on the annual results but reviewed (not audited) the quarterly numbers, which were subject to limited review.
The company continues to report losses with a severely eroded net worth, signalling persistent operational stress. For shareholders, this raises concerns about long-term solvency and the stock remains risky until revenue improves or a turnaround is visible.