Please find attached herewith Financial Results for quarter ended June 2019
Awaiting price reaction for this filing.
Garlon Polyfab Industries Ltd submitted its unaudited financial results for the quarter ended June 30, 2019, along with a limited review report from P.D. Agarwal & Co. The company reported total income from operations of about Rs. 13.10 lakhs, unchanged from the same quarter a year ago. Total expenses stood at roughly Rs. 15.44 lakhs, leading to a net loss of about Rs. 3.84 lakhs for the quarter, compared to a loss of Rs. 3.83 lakhs in the corresponding quarter of the previous year. Basic and diluted EPS for the quarter came in at (Rs. 0.19). The statutory auditor issued an unmodified limited review report, drawing attention only to standard notes on Ind AS adoption and management-furnished comparative figures.
The company continues to post quarterly losses on near-flat revenues, suggesting weak operating performance and limited scale; this is a negative signal for shareholders, though the absolute loss is small in rupee terms.