Garlon Polyfab Industries Limited reported a net loss of ₹1,54,341 for the quarter ended June 30, 2016, as the company recorded no income from operations. The Board of Directors approved the unaudited financial results at a meeting held on August 31, 2016. The company has adopted the Indian Accounting Standards (Ind AS) for the financial year commencing from April 1, 2016, and the current results have been prepared in compliance with these standards.

The financial statement reveals that total expenses for the quarter amounted to ₹1,54,341, driven primarily by employee benefits expense and other expenses. Employee benefits expense stood at ₹80,026, while other expenses were recorded at ₹74,315. There was no income generated from operations or other sources during the period. Consequently, the net loss for the period from continuing operations was ₹1,54,341.

Financial Performance

The table below details the financial performance of Garlon Polyfab Industries Limited for the quarter ended June 30, 2016, compared to the preceding quarter and the corresponding period in the previous year.

Key Disclosures

P.D. Agarwal & Co., Chartered Accountants, issued a limited review report on the unaudited financial results. The firm stated that the review was conducted in accordance with the Standard on Review Engagement (SRE) 2410 issued by the Institute of Chartered Accountants of India. The auditors noted that they were neither engaged to review nor did they review the comparative figures, which were furnished by the management.

The company is engaged in a single business segment. The Basic and Diluted Earnings Per Share (EPS) for the year ended March 31, 2016, were reported at (0.130). The financial results have been reviewed by the Audit Committee and approved by the Board of Directors.

Garlon Polyfab Industries Limited reported a net loss of ₹0.96 lakh for the quarter ended September 30, 2025, as total income from operations remained nil. The company's board approved the unaudited standalone financial results for Q2FY25 and the half year ended September 30, 2025, during a meeting held on November 14, 2025.

The statutory auditor, D.C. Shukla & Co., conducted a limited review of the results in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The review confirmed that the financial results were prepared in compliance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS). The company stated that provisions for income tax and deferred tax would be made at the end of the financial year.

Financial Performance

For the quarter ended September 30, 2025, the company recorded a finance cost of ₹0.30 lakh. Profit before exceptional items and tax was reported at ₹0.60 lakh, while exceptional items for the period stood at ₹0.96 lakh. Consequently, the net loss for the quarter was ₹0.96 lakh, widening from a net loss of ₹0.67 lakh in the previous quarter ended June 30, 2025.

The half-year performance reflected a similar trend, with a net loss of ₹1.63 lakh for the six months ended September 30, 2025, compared to a net loss of ₹1.13 lakh in the corresponding period of the previous year. Basic and diluted earnings per share (EPS) remained at -0.00 for the quarter and half-year periods.

Balance Sheet Highlights

The company's balance sheet as of September 30, 2025, showed total assets of ₹6.33 lakh, a marginal increase from ₹6.22 lakh in the previous year. Shareholders' funds stood at a negative ₹206.39 lakh, compared to a negative ₹202.63 lakh in the prior year.

Non-current liabilities increased significantly due to long-term borrowings of ₹200.96 lakh, which were nil in the previous year. Current liabilities decreased to ₹11.76 lakh from ₹208.85 lakh, driven by the repayment of short-term borrowings.

Cash Flow Position

The cash flow statement for the half year ended September 30, 2025, indicated net cash generated from operations of ₹1.65 lakh, compared to ₹0.77 lakh in the previous year. Cash and cash equivalents increased to ₹0.57 lakh as of September 30, 2025, from ₹0.47 lakh in the corresponding period of the previous year.