Please find attached herewith Financial Results for quarter ended June 2020
Awaiting price reaction for this filing.
Garlon Polyfab Industries submitted its unaudited financial results for the quarter ended June 30, 2020, along with a Limited Review Report from P.D. Agrawal & Co. The results table shows minimal activity, with total expenses of Rs 0.62 lakh for Q1 FY21 compared to Rs 0.14 lakh in Q1 FY20 and Rs 0.88 lakh in the preceding quarter (Q4 FY20). The company reported a net loss of Rs 0.62 lakh for the quarter, continuing the loss-making trend seen in the previous year (full-year FY20 loss of Rs 0.42 lakh). Paid-up equity capital stands at Rs 461.32 lakh, while EPS was negligible (negative). The auditor issued a clean review report with no qualifications, adverse remarks, or going-concern flag, noting only that Ind AS has been adopted and comparative figures were management-furnished.
For shareholders, the filing indicates a very small-scale, thinly active company with persistent losses and negligible revenue. There is no material new information that would move the stock; the clean auditor review is mildly reassuring but the weak operating numbers are unlikely to attract investor interest.