Garlon Polyfab Industries Limited reported a net loss of ₹0.74 lakh for the quarter ended December 31, 2025, as the company continued to record zero income from operations. The Board of Directors approved the unaudited standalone financial results for Q3FY26 at a meeting held on February 13, 2026. The company has not generated any operational revenue during the current or preceding quarters, resulting in a cumulative loss of ₹2.37 lakh for the nine months ended December 31, 2025.

Total expenses for Q3FY26 stood at ₹0.74 lakh, consisting of employee benefits expense of ₹0.36 lakh and other expenses amounting to ₹0.38 lakh. In comparison, the company incurred a total expense of ₹0.96 lakh in the preceding quarter ended September 30, 2025. For the nine-month period, total expenses reached ₹2.37 lakh, an increase from ₹1.75 lakh in the same period of the previous year.

The financial statements were prepared in compliance with the Indian Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs. P.D. Agrawal & Co., Chartered Accountants, conducted a limited review of the unaudited financial results. The auditors noted that comparative figures for the quarter ended December 2025 were not reviewed and were furnished by the management.

Financial Performance Summary

The paid-up equity share capital of the company remained unchanged at ₹461.32 lakh, with a face value of ₹10 per share. The Basic Earnings Per Share (EPS) for the quarter was reported as (0.00). The results were reviewed by the Audit Committee and subsequently approved by the Board.

Garlon Polyfab Industries Limited reported a net loss of ₹0.96 lakh for the quarter ended September 30, 2025, as the company recorded zero income from operations. The unaudited standalone financial results, approved by the Board of Directors on November 14, 2025, highlight a continued period of operational inactivity with total expenses for the quarter amounting to ₹0.60 lakh.

The company's financial statement indicates that while it generated no revenue, it incurred expenses primarily through depreciation and amortisation, which stood at ₹0.36 lakh. Other expenses contributed to the total outgo, resulting in a profit before exceptional items and tax of ₹0.96 lakh. However, the company booked exceptional items amounting to ₹0.96 lakh, which eroded this profit, leading to the final net loss figure for the period.

Financial Performance

The half-year performance mirrored the quarterly trends, with the company reporting a net loss of ₹1.63 lakh for the period ended September 30, 2025. Total expenses for the half-year reached ₹0.91 lakh, again driven by depreciation costs of ₹0.72 lakh. Similar to the quarterly figures, exceptional items for the half-year were recorded at ₹1.63 lakh, negating the profit reported before these items.

Balance Sheet Position

The company's balance sheet as of September 30, 2025, shows total assets of ₹6.33 lakh, a marginal increase from ₹6.22 lakh in the previous year. Shareholders' funds remained in negative territory at ₹206.39 lakh, worsening from the negative ₹202.63 lakh recorded in the corresponding period of the previous year. The liabilities structure shifted significantly, with long-term borrowings appearing at ₹200.96 lakh, whereas short-term borrowings were nil compared to ₹197.50 lakh in the prior year.

The limited review of the unaudited financial results was conducted by the statutory auditors, D.C. Shukla & Co., Chartered Accountants. The auditors confirmed that nothing came to their attention to suggest the results were not prepared in accordance with the Indian Accounting Standards (Ind AS) and other recognized accounting policies. The Board meeting, which commenced at 5:00 PM and concluded at 6:30 PM, also approved the limited review report accompanying the financial results.