Q2 FY25 loss of Rs 0.57 lakh, negative net worth continues

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Garlon Polyfab posted a net loss of Rs 0.57 lakh in Q2 FY25 and Rs 1.49 lakh for H1 FY25, with nil income from operations. Reserves and surplus are deeply negative at minus Rs 663.95 lakh against share capital of Rs 461.32 lakh, pushing net worth to minus Rs 202.63 lakh. Short-term borrowings stand at Rs 197.50 lakh. Auditor issued an unqualified limited review.

Likely market impact

Zero revenue, mounting losses and negative net worth raise serious concerns about business continuity for shareholders.