Pursuant to the provisions of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, ....
Awaiting price reaction for this filing.
Garlon Polyfab Industries reported audited standalone financial results for the year ended 31 March 2026. Total income was Rs 385 Lacs, flat compared to the previous year (Rs 385 Lacs). The company swung from a net loss of Rs 3.24 Lacs in FY2025 to a net profit of Rs 0.12 Lacs in FY2026, a marginal turnaround. EPS improved from negative Rs 0.007 to positive Rs 0.0003. However, the balance sheet remains severely distressed with negative net worth of Rs 204.63 Lacs (reserves at negative Rs 665.95 Lacs) against a paid-up capital of Rs 461.32 Lacs. Operating cash flow turned negative at Rs 29.28 Lacs, deteriorating from negative Rs 19.20 Lacs in the prior year. The auditor issued an unqualified opinion with no going concern qualification. The financial results have been restated under Ind-AS.
While the company narrowly returned to profit, the deeply negative equity and worsening operating cash outflows signal ongoing financial stress. Shareholders should be cautious as the company is technically insolvent on a net-worth basis.