Garlon Polyfab Industries Limited reported a net loss of ₹636,831 for the quarter ended September 30, 2018, as per the unaudited financial results approved by its Board. The company has adopted the Indian Accounting Standards (Ind AS) effective from the financial year commencing April 1, 2018, impacting the presentation of its financial statements for the current and prior periods. The results were reviewed by the Statutory Auditors, P. D. Agrawal & Co., who issued a limited review report confirming compliance with Ind AS and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The financial statement reveals a challenging financial position with total assets declining to ₹692,334.24 for the quarter ended September 30, 2018, compared to ₹772,077.00 in the previous year ended September 30, 2017. Non-current assets remained stable at ₹575,698.00, while current assets decreased significantly to ₹116,636.24 from ₹196,379.00 in the corresponding period of the previous year. This reduction was primarily driven by a decrease in cash and cash equivalents.

Financial Performance

The company's equity and liabilities reflected a stressed capital structure. Shareholders' funds turned more negative, settling at ₹17,704,992.76 for the current quarter, a deterioration from the negative ₹16,928,580.00 reported in the previous year. Current liabilities increased to ₹18,397,327.00 from ₹17,700,657.00, largely due to a rise in short-term borrowings to ₹18,293,000.00 from ₹17,320,000.00.

Operational Highlights

For the half year ended September 30, 2018, the company reported a net loss of ₹640,656.00, widening from the loss of ₹68,928 recorded in the same period of the previous year. Total expenses for the quarter were reported at ₹636,831. The paid-up equity share capital remained unchanged at ₹46,132,000.00. The Board meeting, convened on October 25, 2018, approved these results, which are now available on the company's website.

Garlon Polyfab Industries Limited reported a net loss of ₹0.67 lakh for the quarter ended June 30, 2025, as the company recorded zero income from operations. The total expenses for Q1FY26 amounted to ₹0.67 lakh, consisting of employee benefits expense of ₹0.36 lakh and other expenses of ₹0.31 lakh. The company reported no revenue, material consumption, or finance costs during the period.

The unaudited financial results were reviewed by the statutory auditors, D.C. Shukla & Co., Chartered Accountants, in accordance with the Standard on Review Engagement (SRE) 2410. The auditors stated that nothing came to their attention to suggest the results were not prepared in accordance with Ind AS. The Board of Directors approved the results at a meeting held on August 14, 2025.

For the year ended March 31, 2025, the company reported a net loss of ₹3.24 lakh on zero income, with total expenses of ₹3.24 lakh. The paid-up equity share capital remained constant at ₹461.32 lakh across all reported periods. The Basic and Diluted Earnings Per Share (EPS) for Q1FY26 stood at -0.0015.

Financial Performance Summary

The company noted that it has adopted Ind AS for the financial year commencing from April 1, 2017. Comparative figures for the quarter ended June 2025 were furnished by the management and were not reviewed by the auditors. Provisions for income tax and deferred tax will be made at the end of the financial year.