Please find attached herewith Financial Results for quarter ended June 2022
Awaiting price reaction for this filing.
Garlon Polyfab Industries Ltd submitted its unaudited Q1 FY23 results (quarter ended June 30, 2022) along with a limited review report from statutory auditors. Income from operations appears negligible across the reported periods, with total expenses of Rs 0.39 lakh in Q1 FY23 versus Rs 1.05 lakh in Q1 FY22. The company reported a net loss of Rs 0.39 lakh in Q1 FY23, narrower than the Rs 1.05 lakh loss in the year-ago quarter. Full-year FY22 (year ended March 2022) net loss stood at Rs 2.28 lakh. EPS for the quarter was (Rs 0.00) and paid-up equity share capital was Rs 461.32 lakh.
The company continues to post losses with effectively no operating revenue, indicating minimal business activity that may concern shareholders about the company's operational viability. The narrower Q1 loss versus the year-ago quarter is a marginal positive, but the overall scale of operations is extremely small, making the stock largely insignificant for typical investors.