Garlon Polyfab Industries Limited reported a net loss of ₹0.61 lakh for the quarter ended December 31, 2024, with no income from operations recorded during the period. The Board of Directors approved the unaudited financial results for Q3FY25 at a meeting held on February 14, 2025.

The company's financial statement shows zero income from operations and other income for the quarter. Total expenses were reported at -₹0.61 lakh, primarily driven by finance costs of ₹0.25 lakh and other expenses amounting to ₹0.61 lakh. Changes in inventories of finished goods and work-in-progress stood at ₹0.36 lakh.

For the nine months ended December 31, 2024, the company recorded a net loss of ₹1.75 lakh. Finance costs for the nine-month period aggregated to ₹0.67 lakh, while other expenses totaled ₹1.75 lakh. The paid-up equity share capital remained unchanged at ₹4.61 lakh.

The Basic Earnings Per Share (EPS) for the quarter ended December 31, 2024, was reported at (0.13). For the nine months ended December 31, 2024, the EPS stood at (0.00). The comparative figures for the previous year were not reviewed by the auditors.

D.C. Shukla & Co., Chartered Accountants, conducted a limited review of the standalone financial results. The auditors noted that the comparative figures, including reconciliation to the Total Comprehensive Income, were furnished by the management and not reviewed by them.

Garlon Polyfab Industries Limited reported a net loss of ₹0.78 lakh for the quarter ended December 31, 2023, as the company recorded zero income from operations. The loss for the quarter widened compared to the net loss of ₹0.69 lakh reported in the corresponding period of the previous year. The Board of Directors approved the unaudited financial results at a meeting held on February 14, 2024.

The financial statements, prepared in compliance with Indian Accounting Standards (Ind AS), show that the company incurred total expenses of ₹0.78 lakh during the quarter. Key expense components included finance costs of ₹0.42 lakh and other expenses amounting to ₹0.78 lakh. Changes in inventories of finished goods and work-in-progress were recorded at ₹0.36 lakh. The company reported no tax expense for the period.

For the nine months ended December 31, 2023, Garlon Polyfab Industries Limited accumulated a net loss of ₹3.17 lakh. In comparison, the net loss for the nine months ended December 31, 2022, was ₹1.57 lakh. The company's reserves, excluding revaluation reserve, stood at ₹4.51 lakh as of December 31, 2023, compared to ₹4.61 lakh in the previous year.

Financial Performance Summary

P. D. Agrawal & Co., Chartered Accountants, conducted a limited review of the unaudited financial results. The auditors noted that they did not review the comparative figures, which were furnished by the management. The company has adopted Ind AS for the financial year commencing from April 1, 2017. The results were also reviewed by the Audit Committee.