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.

Garlon Polyfab Industries Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹0.12 lakh compared to a net loss of ₹3.24 lakh in the previous year. The company's board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The results were reviewed by the Audit Committee prior to board approval.

For the quarter ended March 31, 2026, the company reported a net profit of ₹2.49 lakh. Total income for the quarter stood at ₹3.85 lakh, driven entirely by other income, as income from operations remained nil. Total expenses for the quarter were ₹1.36 lakh, comprising employee benefits expenses of ₹0.36 lakh and other expenses of ₹1.00 lakh.

The annual financial statements show that the company's equity and liabilities totaled ₹6.25 lakh as of March 31, 2026, slightly down from ₹6.30 lakh in the previous year. Shareholders' funds stood at a negative ₹204.63 lakh, with reserves and surplus at negative ₹665.95 lakh against a share capital of ₹461.32 lakh. Current liabilities increased to ₹210.88 lakh from ₹211.05 lakh, primarily due to short-term borrowings of ₹201.98 lakh.

The cash flow statement for the year indicates a net decrease in cash and cash equivalents of ₹48.43 hundred, bringing the closing balance to ₹495.34 hundred. Cash generated from operations was negative at ₹3,052.42 hundred, while the company raised ₹2,880.00 hundred through net borrowings during the year. The independent auditor's report confirmed that the financial results present a true and fair view in conformity with Indian Accounting Standards.

Financial Performance Summary