Garlon Polyfab reports net loss of ₹0.38 lakh in Q3FY22

1 min read Updated on 08 Jun 2026, 03:09 PM

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Ashish TScanX News Team

AI Summary

Garlon Polyfab Industries Limited reported a net loss of ₹0.38 lakh for Q3FY22 with zero operational revenue. Expenses for the quarter were ₹0.38 lakh, mainly from employee costs. The nine-month loss stood at ₹1.23 lakh.

*this image is generated using AI for illustrative purposes only.

Garlon Polyfab Industries Limited reported a net loss of ₹0.38 lakh for the quarter ended December 31, 2021, as the company continued to record zero income from operations. The unaudited financial results, approved by the Board of Directors on February 07, 2022, reflect a challenging period with no operational revenue during Q3FY22.

The company's total expenses for the quarter amounted to ₹0.38 lakh, consistent with the net loss figure. Employee benefits expense accounted for ₹0.36 lakh, while other expenses stood at ₹0.02 lakh. There were no material changes in the cost of materials consumed, purchase of stock-in-trade, or finance costs during the period.

For the nine months ended December 31, 2021, Garlon Polyfab Industries Limited accumulated a net loss of ₹1.23 lakh. Total expenses for this period reached ₹1.23 lakh, with employee benefits expense totaling ₹1.08 lakh and other expenses at ₹0.15 lakh. The company maintained a paid-up equity share capital of ₹4.61 lakh throughout the reported periods.

The financial results have been prepared in compliance with the Indian Accounting Standards (Ind-AS) notified by the Ministry of Corporate Affairs. The standalone financial results for the quarter and nine months ended December 31, 2021, were reviewed by the Audit Committee and subsequently approved by the Board.

P. D. Agrawal & Co., Chartered Accountants, conducted a limited review of the unaudited financial results. The review report confirmed that the statement was prepared in all material respects in accordance with Ind-AS and other recognized accounting practices. The auditors noted that they did not review the comparative figures, which were furnished by the management.

Financial Performance Summary

Particulars	Quarter Ended 31-12-2021 (Unaudited)	Quarter Ended 31-12-2020 (Unaudited)	Nine Months Ended 31-12-2021 (Unaudited)
Income From Operations	-	0.00	-
Total Expenses	0.38	0.58	1.23
Net Profit/(Loss)	(0.38)	(0.58)	(1.23)
Earnings Per Share (Basic)	(0.08)	(0.00)	(0.00)

What strategic initiatives is the company planning to resume operations and generate revenue in the upcoming quarters?

How does the company intend to sustain its employee benefits expenses amidst continued zero operational income?

Are there any potential mergers, acquisitions, or partnerships being considered to revitalize the business model?

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Garlon Polyfab reports nil income for Q3FY21

2 min read Updated on 08 Jun 2026, 03:06 PM

Reviewed by

Ashish TScanX News Team

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Garlon Polyfab Industries Limited reported unaudited financial results for the quarter ended December 31, 2020, revealing zero income from operations. The company incurred finance costs of ₹0.36 lakh for the quarter, a decrease from ₹0.90 lakh in the same period last year. The Board of Directors approved the results on February 12, 2021.

*this image is generated using AI for illustrative purposes only.

Garlon Polyfab Industries Limited reported unaudited financial results for the quarter ended December 31, 2020, revealing zero income from operations. The company's total expenses for the quarter stood at ₹0.36 lakh, driven primarily by finance costs. The Board of Directors approved the results during a meeting held on February 12, 2021, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The financial statements, prepared under Indian Accounting Standards (Ind AS), indicate that the company has not generated any revenue from operations, other income, or total income for the current quarter, the previous quarter, or the corresponding quarter in the prior year. Expenses were minimal, with finance costs accounting for the entirety of the ₹0.36 lakh spent in Q3FY21. This represents a decrease from the ₹0.90 lakh finance cost reported in the quarter ended December 31, 2019.

For the nine months ended December 31, 2020, the company continued to report zero income from operations. Total expenses for this period aggregated to ₹1.08 lakh, consisting solely of finance costs. In comparison, the finance costs for the nine months ended December 31, 2019, were ₹0.90 lakh. The company also reported exceptional items amounting to ₹0.50 lakh for the nine-month period, up from ₹0.54 lakh in the previous year.

The basic and diluted earnings per share (EPS) for the quarter ended December 31, 2020, were reported as (0.13). This contrasts with the EPS of (0.00) for the same period in the previous year. The paid-up equity share capital remained unchanged at zero, while reserves excluding revaluation reserves stood at ₹4.61 lakh, consistent with the audited balance sheet of the previous year.

P.D. Agarwal & Co., Chartered Accountants, conducted a limited review of the unaudited financial results. The review report confirmed that nothing came to their attention to suggest the statements were not prepared in accordance with Ind AS and other recognized accounting policies. The auditors noted that they did not review comparative figures, which were furnished by the management.

Financial Performance Summary

Particulars	Quarter Ended Dec 31, 2020 (Unaudited)	Quarter Ended Dec 31, 2019 (Unaudited)	Nine Months Ended Dec 31, 2020 (Unaudited)	Nine Months Ended Dec 31, 2019 (Unaudited)
Income From Operations	0.00	0.00	0.00	0.00
Total Income	0.00	0.00	0.00	0.00
Total Expenses	0.36	0.90	1.08	0.90
Finance Costs	0.36	0.90	1.08	0.90
Net Profit/(Loss)	0.00	0.00	0.00	0.00
Basic EPS	(0.13)	(0.00)	(0.00)	(0.00)