Please find attached herewith Financial Results for quarter ended Dec 2019
Awaiting price reaction for this filing.
Garlon Polyfab Industries has submitted its unaudited quarterly results for Q3 FY20 (quarter ended 31 December 2019) along with a Limited Review Report from statutory auditors P.D. Agarwal & Co. The company reported zero revenue from operations across all reported periods, including the nine months ended December 2019. The company posted a small net loss of Rs. 0.19 lakh in Q3 FY20, compared to a loss of Rs. 4.70 lakh in the year-ago quarter. Cumulative nine-month loss stood at Rs. 1.54 lakh versus Rs. 11.11 lakh in the same period last year. This is also the first set of results prepared under Ind AS accounting standards, with prior periods restated accordingly.
For shareholders: the company continues to show essentially no operating revenue and remains in losses, suggesting business operations are minimal or stalled. The clean (unqualified) limited review provides some comfort on reporting integrity, but the lack of revenue is a significant concern for investors evaluating the stock.