Please find attached herewith Financial Results for the Quarter/ Year ended March 31, 2026
Awaiting price reaction for this filing.
Garlon Polyfab Industries reported a marginal net profit of Rs. 0.12 Lacs for FY26, a turnaround from a net loss of Rs. 3.24 Lacs in FY25. Total income for the year stood at Rs. 385 Lacs. However, the balance sheet reveals serious concerns: negative reserves of Rs. 665.95 Lacs resulting in negative net worth (shareholders' funds) of Rs. 204.63 Lacs. The company has short-term borrowings of Rs. 201.98 Lacs against total assets of only Rs. 6.25 Lacs. Operating cash flow was negative at Rs. 29.28 Lacs (in hundreds: -2,928.43). The auditor issued an unqualified opinion on annual results but noted the quarter figures are balancing figures between audited full-year and unaudited nine-month data.
The company is technically insolvent with negative net worth and heavy reliance on borrowings. The marginal profit and negative operating cash flow indicate severe financial distress, raising substantial doubts about the company's ability to continue as a going concern.