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Statement of Audited Financial Results for the Quarter and Year Ended 31.03.2016



(Rs. in Lakhs)

 Description   

3 Months Ended 31.03.2016

3 Months Ended 31.12.2015

3 Months Ended 31.03.2015

Year Ended 31.03.2016

Year Ended 31.03.2015

Income from operations          
(a) Net Sales / Income from Operations(Note 5) (Net of excise duty)  5242 4076  2191  16853 15873 
(b) Other Operating Income 21 13 25 74 89
Total Income from operations(Net)   5263 4089 2216 16927 15962
Expenses        
(a) Cost of Material consumed 4419 188 4492 11322 11971
(b)Changes in inventories of finished goods and work in progress (1929) 3335 (3486) 1168 (53)
(c)Utilities 715 66 750 1704 2047
(d) Employee benifits expense  388 317 336 1352 1327
(e) Depreciation and amortisation expense  141 141 141 564 566
(f) Other Expenses 609 102 485 1209 1219
Total Expenses 4343 4149 2718 17319 17077
Profit / (Loss)  from operations before other Income, finance costs  & Exceptional Items (1-2) 920 (60) (502) (392) (1115)
Other Income 70 9 55 154 191
Profit / (Loss)  from ordinary activities before finance costs and exceptional items (3+4) 990 (51) (447) (238) (924)
Financial Costs 121 145 130 590 512
Profit / (Loss)  from ordinary activities after finance costs but before exceptional items (5-6) 869 (196) (577) (828) (1436)
Exceptional items (Gain) / Loss (Note 5) 1090 0 1026 1090 893

Profit / (Loss) from ordinary activities before tax (7+8) 

1959 (196) 449 262 (543)
Tax Expense 619 (78) 173 72 (178)
Net Profit / (Loss) for the period (9-10)      1340 (118) 276 190 (365)
Paid-up Equity Share Capital
(Face Value  Rs.10 per share)
860 860 860 860 860
Reserves excluding Revaluation Reserves 11299 10001 11151 11299 11151

Earning   Per     Share (Rs)    

         

 - Basic and Diluted (Not Annualized) 

15.58 (1.37) 3.21 2.21 (4.24)

Segmentwise Revenue,Results and Capital Employed (Audited)

  

 Particulars                    

3 Months Ended 31.03.2016

3 Months Ended 31.12.2015

3 Months Ended 31.03.2015

 Year  Ended 31.03.2016

Year Ended 31.03.2015

1. Segment Revenue                          
a) Sugar                4667 4065 1916 15944 15315
b) Co-generation 1388 54 1014 2788 2172
Sub total 6055 4119 2930 18732 17487
Less: Intersegmental Revenue 792 30 714 1805 1525
Net Sales/Income From Operations                 5263 4089 2216 16927 15962
         
2. Segment Results                        
Profit / (Loss) before Tax and interest from each segment          
(a) Sugar 437 165 240 (917) 34
(b) Co-generation 1696 (133) 365 2023 100
Sub total 2133 32 605 1106 134
Less:          
(a) Finance Costs 121 145 130 590 512
(b) Other unallocable Expenditure/(Income) 53 83 26 254 165
Total Profit / (Loss) Before Tax 1959 (196) 449 262 (543)
         
3. Capital Employed          
 (Segment Assets- Segment Liabilities)                   
(a) Sugar 7231 6748 8558 7231 8558
(b) Co-generation 10293 8782 9654 10293 9654
(c) Unallocable Assets less Liabilities (5365) (4669) (6201) (5365) (6201)
Total Capital Employed 12159 10861 12011 12159 12011

Statement of Assets and Liabilities (Audited)
  
Particulars As at 31.03.2016  As at 31.03.2015  Particulars As at 31.03.2016  As at 31.03.2015
EQUITY AND LIABILITES     ASSETS  
Shareholders' funds     Non-current assets    
(a) Share capital    860 860   (a) Fixed assets 12274 12789
(b) Reserves and surplus  11299 11151 (b) Non-Current Investments   2079 2079
Sub-total - Shareholders funds   12159 12011 (c) Long term Loans and  Advances 304 281
Non-Current liabilities     Sub-total Non-current assets 14657 15149
(a) Long-term borrowings  4112 4238      
(b) Deffered Tax Liabilities (Net)   201 129      
Sub -total -Non-current liabilities  4313 4367   Current assets      
Current liabilities       (a) Inventories 6046 7250
(a) Short-term borrowings 2557 3438   (b)Trade receivables 2822 1504
(b) Trade Payables 2900 3175   (c)Cash and Bank balances 85 45
(c)Other current liabilities 1620 749    (d) Short-term loans and advances  292 260
(d) Short-term provisions 1312 1159    (e) Other current assets 959 691
Sub-total -Current liabilities 8389 8521 Sub-total -Current assets   10204 9750
TOTAL EQUITY AND LIABILITIES 24861 24899   TOTAL - ASSETS 24861 24899
    Notes :
    1. The Board has recommended a dividend of Rs. 1.20  Per Equity Share  for 2015-16.
    2. The Register of Members and share Transfer Books of the companywill remain closed from 19-07-2016 to 26-07-2016 (both days inclusive).  
    3. Sugar production is seasonal in nature. Performance of one quarter is hence not indicative of the trend for whole year.
    4. Figures for the last quarter are the difference between the audited figures for the full financial year and the published figures for nine months period upto the third quarter of relevant financial year.
    5. Exceptional item for the current quarter represents the incoming arising on revision in Power tariff by the Regulator effective 1st August 2012. Turnover for the quarter includes Rs 2.53 crores of tariff revision pertainig to April-Dec'2015.
    6. Figures for the previous year have been regrouped wherever necessary.
    7. Water stressed conditions in operational area continue to pose a serious challenge to cane availability and its quality in FY 2016 - 17.
    8. The above results were reviewed by the Audit committee ad approved by the Board of Directors at the respective meetings held on 27-05-2016.
      For Ponni Sugars (Erode) Ltd
    Chennai N Ramanathan
    27.05.2016 Managing Director