BSEGarlon Polyfab Industries LtdHighNeutral
Announced Sat, 27 Jun · 15:31 IST
Q4 FY23 Results: No Revenue, Net Loss Widens to Rs 5.94 Lakh
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Garlon Polyfab reported zero revenue for Q4 and full year FY23 with no operations. Net loss widened to Rs 5.94 lakh from Rs 2.28 lakh in FY22. Shareholders equity is negative at minus Rs 197.11 lakh as accumulated losses of Rs 658.43 lakh have wiped out share capital. Operating cash flow remained negative. Auditor P.D. Agrawal and Co issued an unmodified opinion. The company appears dormant and is being sustained by borrowings.
Likely market impact
Company is non-operational with wiped-out equity and widening losses. No revenue. Shareholders face continued value erosion.