Garlon Polyfab Industries Limited reported a net loss of ₹1.50 lakh for the quarter ended March 31, 2025, widening from a net loss of ₹1.22 lakh in the corresponding period of the previous year. The company recorded no income from operations during the quarter, resulting in a total loss of ₹3.24 lakh for the full fiscal year ended March 31, 2025. The financial results were audited by statutory auditor M/s. D.C. Shukla & Co., which issued an unmodified opinion on the statements.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2025, at a meeting held on May 29, 2025. The meeting commenced at 01:00 P.M. and concluded at 02:00 P.M. The audit report confirms that the standalone financial results are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's financial statements for the period reflect nil revenue from operations. Total expenses for the quarter stood at ₹1.50 lakh, comprising employee benefit expenses of ₹0.36 lakh and other expenses amounting to ₹1.14 lakh. For the full year, total expenses reached ₹3.24 lakh, with employee benefit expenses at ₹1.44 lakh and other expenses at ₹1.80 lakh.

The basic and diluted earnings per share (EPS) for the quarter ended March 31, 2025, stood at (0.0033). For the full year, the basic and diluted EPS were recorded at (0.0070). The paid-up equity share capital of the company remained constant at ₹461.32 lakh.

Standalone Assets and Liabilities

The statement of assets and liabilities as of March 31, 2025, indicates a challenging financial position. The shareholders' fund reflected a deficit of ₹204.75 lakh, comprising a share capital of ₹461.32 lakh and negative reserves and surplus of ₹666.07 lakh. Total current assets were reported at ₹6.30 lakh, while total current liabilities stood at ₹211.05 lakh.

Cash Flow Statement

The cash flow statement for the year ended March 31, 2025, highlights a net increase in cash and cash equivalents of ₹430.46. The company generated cash primarily from financing activities, with net proceeds from borrowings amounting to ₹2,350.00. Cash generated from operations before working capital changes was negative at ₹3,249.57, though adjustments for provisions and trade payables resulted in a positive cash generated from operations of ₹1,330.03.

Garlon Polyfab Industries Limited reported a net profit of ₹8.77 lakh for the quarter ended March 31, 2019, reversing the net loss of ₹1.12 lakh recorded in the same period of the previous year. The company's financial performance for the quarter was primarily driven by other income, which totaled ₹13.10 lakh, as income from operations remained nil. Total expenses for the quarter were reported at ₹4.33 lakh, resulting in a profit before exceptional items of ₹8.77 lakh. The Board of Directors approved the audited financial results at a meeting held on May 15, 2019.

For the full year ended March 31, 2019, Garlon Polyfab Industries Limited reported a net loss of ₹2.34 lakh, widening from the net loss of ₹1.94 lakh in the previous year. Total income for the year stood at ₹13.10 lakh, while total expenses increased to ₹15.44 lakh. The company's paid-up equity share capital remained constant at ₹461.32 lakh during the period. The earnings per share (EPS) on a basic and diluted basis for the quarter was ₹0.15 and ₹0.19 respectively, compared to a loss of ₹0.02 per share in the prior year.

The statutory auditors, P. D. Agrawal & Co., provided an unmodified opinion on the quarterly and year-to-date financial results. The audit was conducted in accordance with the auditing standards generally accepted in India and the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were prepared in compliance with Indian Accounting Standards (Ind-AS) notified by the Ministry of Corporate Affairs.

The company's balance sheet as of March 31, 2019, showed total assets of ₹6.50 lakh, a decrease from ₹7.40 lakh in the previous year. Shareholders' funds stood at a negative ₹186.08 lakh, compared to a negative ₹170.64 lakh in the prior year. Current liabilities increased to ₹192.58 lakh from ₹178.04 lakh, primarily due to short-term borrowings amounting to ₹188.05 lakh. Cash and cash equivalents decreased to ₹0.74 lakh from ₹1.64 lakh at the end of the previous year.

Financial Results for Q4 and Year Ended March 31, 2019

The cash flow statement for the year ended March 31, 2019, reflected a net decrease in cash and cash equivalents of ₹90,045.71. Cash generated from operations was positive at ₹28,664.55, though net cash flow from operating activities remained negative at ₹1,515,045.71. The company relied heavily on financing activities, which provided a net cash inflow of ₹1,425,000.00 through proceeds from borrowings.