Please find attached herewith financial results for quarter ending 30th June 2023
Awaiting price reaction for this filing.
Garlon Polyfab Industries Ltd submitted its unaudited financial results for Q1 FY24 (quarter ended June 30, 2023) along with a limited review report from statutory auditor P.D. Agarwal & Co. The results, stated in Rs lakhs, show the company continuing to post small losses: net loss for the quarter was approximately Rs 0.53 lakhs, compared to a loss of about Rs 0.39 lakhs in the same quarter last year. Total income from operations and expense line items were reported but on a very small absolute scale, indicating a micro-cap operation. The auditor issued a clean (unmodified) limited review report, noting nothing material to flag, though it mentioned that prior period comparative figures were not independently reviewed. No exceptional or extraordinary items were reported.
The company continues to report marginal losses with negligible revenue scale, suggesting limited business activity and no near-term profit visibility. Shareholders should note the weak financial performance, though the absolute loss amounts are immaterial.