BSEGarlon Polyfab Industries LtdHighNeutral
Announced Thu, 2 Jul · 15:26 IST
Q2 FY20 results: losses continue, net worth deeply negative
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Garlon Polyfab reported a net loss of around 1.08 lakh for Q2 FY20 and about 6.4 lakh for H1 FY20. Income from operations was negligible. The company's reserves are deeply negative at minus 6.48 crore, making total net worth negative at around 1.87 crore. Cash balance fell to about 69,000 from 1.18 lakh earlier.
Likely market impact
Negative net worth and ongoing losses raise serious going concern doubts for shareholders.