Garlon Polyfab Industries Limited returned to profitability in the quarter ended March 31, 2026, reporting a net profit of ₹2.49 lakh. This marks a significant turnaround from the net loss of ₹1.50 lakh recorded in the corresponding quarter of the previous year. For the full financial year FY26, the company posted a net profit of ₹0.12 lakh, compared to a net loss of ₹3.24 lakh in FY25.

The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at its meeting held on May 30, 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditor, P. D. Agrawal & Co., provided an unmodified opinion on the financial results.

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 decreased to ₹1.36 lakh from ₹1.50 lakh in the prior year, primarily due to lower other expenses. Employee benefits expense remained consistent at ₹0.36 lakh.

The company's earnings per share (EPS) for the quarter improved to ₹0.0054 from a negative ₹0.0033 in the same period last year. For the full year, basic and diluted EPS were reported at ₹0.0003, recovering from a loss of ₹0.007 per share in FY25.

Financial Performance Summary

Balance Sheet Highlights

As of March 31, 2026, the company's total assets stood at ₹6.25 lakh, a marginal decrease from ₹6.30 lakh in the previous year. Shareholders' funds were negative at ₹204.63 lakh, slightly improving from a negative ₹204.75 lakh in FY25. Current liabilities increased to ₹210.88 lakh from ₹211.05 lakh, driven largely by short-term borrowings which rose to ₹201.98 lakh from ₹199.10 lakh.

Cash and cash equivalents decreased to ₹0.49 lakh from ₹0.54 lakh at the end of the previous fiscal year. The cash flow statement for FY26 revealed a net decrease in cash and cash equivalents of ₹48.43 hundred, primarily due to cash outflows from operating activities, which were offset by proceeds from borrowings.

Garlon Polyfab Industries Limited reported a net loss of ₹0.51 lakh for the quarter ended September 30, 2024, as total expenses matched the lack of operational income. The company's Board of Directors approved the unaudited financial results for Q2FY25 at a meeting held on November 14, 2024.

The financial statements, prepared in compliance with Indian Accounting Standards (Ind AS), indicate that the company recorded no income from operations during the quarter. Total expenses for the period amounted to ₹0.51 lakh, driven by depreciation and amortisation expenses of ₹0.36 lakh and other expenses of ₹0.15 lakh.

Financial Performance

For the half year ended September 30, 2024, the company reported a net loss of ₹1.13 lakh, compared to a loss of ₹2.39 lakh in the corresponding period of the previous year. Total expenses for the half year stood at ₹1.13 lakh, down from ₹2.39 lakh in the prior year period.

The paid-up equity share capital remained unchanged at ₹46,132,000, with a face value of ₹10 per share. The basic and diluted earnings per share (EPS) for the quarter and half year were reported at (0.00).

Balance Sheet Highlights

The company's total assets stood at ₹6.22 lakh as of September 30, 2024, a decrease from ₹6.39 lakh in the previous year. Shareholders' funds were negative at ₹202.63 lakh, compared to a negative ₹199.51 lakh in the prior year.

Auditor and Regulatory Compliance

The standalone financial results were reviewed by the Audit Committee and subsequently approved by the Board. D.C. Shukla & Co., Chartered Accountants, performed a limited review of the interim financial information 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 nor did they review the comparative figures, which were furnished by the management. The filing was submitted to BSE Limited in compliance with Regulation 33(3)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.