Please find attached herewith quarterly financial results for quarter ending 30th sept 2022
Awaiting price reaction for this filing.
Garlon Polyfab Industries Ltd submitted its unaudited quarterly results for Q2 FY23 (ended 30 September 2022) with a limited review by auditor P.D. Agrawal & Co. The company reported essentially no income from operations across all periods. Net loss for the quarter was Rs 0.49 lakh, widening to Rs 0.88 lakh for the half-year, while the full-year FY22 loss stood at Rs 3.79 lakh. The balance sheet remains weak with negative shareholders' funds of Rs (195.45) lakh, accumulated losses of Rs (656.77) lakh, and short-term borrowings of Rs 192.96 lakh. Total assets are a mere Rs 6.17 lakh, confirming this is a near-defunct micro-cap entity. The auditor issued an unqualified limited review report, and previous period figures have been restated under Ind AS.
The company continues to post losses with no visible revenue and a deeply negative net worth, signaling serious financial stress for shareholders. The stock is likely illiquid and high-risk, with no operational turnaround visible in this filing.