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Statement of Audited Financial Results for the Quarter Ended 30.06.2015



(Rs.Lakhs)

 Particulars  

3 Months Ended 30.06.2015

3 Months Ended 31.03.2015

3 Months Ended 30.06.2014

Year Ended 31.03.2015

Income from operations      
(a) Net Sales / Income from Operations (Net of excise duty) 1972 2105 3831 15787
(b) Other Operating Income 23 25 6 89
Total Income from operations(net)   1995 2130 3837 15876
Expenses        
(a) Cost of Material consumed 310 4492 97 11971
(b)Changes in inventories of finished goods and work in progress 2373 (3486) 3596 (53)
(c) Utilities 118 750 96 2047
(d) Employee benifits expenses  333 336 306 1327
(e) Depreciation and amortisation expenses  141 141 142 566
(f) Other Expenses 151 399 74 1133
Total Expenses 3426 2632 4311 16991
Profit/(Loss)  from operations before other Income, finance costs  & Exceptional Items (1-2) (1431) (502) (474) (1115)
Other Income 1 55 51 191
Profit/(Loss)  from ordinary activities before finance costs but before exceptional items (3+4) (1430) (447) (423) (924)
Finance Costs 164 130 153 512
Profit/(Loss)  from ordinary activities after finance costs but before exceptional items (5-6) (1594) (577) (576) (1436)
Exceptional items 0 1026 0 893

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

(1594) 449 (576) (543)
Tax Expenses (549) 173 (212) (178)
Net Profit / (Loss) for the period (9-10)      (1045) 276 (364) (365)
Paid-Up Equity Share Capital
(Face Value  Rs.10 per share)
860 860 860 860
Reserves excluding Revaluation Reserves 10106 11151 11019 11151

Earning   Per     Share (Rs)    

       

 - Basic  and Diluted

(12.15) 3.21 (4.23) (4.24)
Public Shareholding    

 - Number of Shares

4531681 4531681 4549474 4531681
 - Percentage of shareholding 52.70 52.70 52.91 52.70
 Promoters and Promoter Group Share Holding    
  a) Pledged / Encumbered     
  -  Number of Shares 425000 425000 425000 425000

  - Percentage of Shares(as a % of the total Shareholding of promoter and Promoter Group)

10.45 10.45 10.50 10.45
  - Percentage of Share(as a % of the total Share capital of the company) 4.94 4.94 4.94 4.94
  b) Non-Encumbered  
   - Number of Shares 3641737 3641737 3623944 3641737
   - Percentage of Shares(as a % of the total Shareholding of promoter and Promoter Group) 89.55 89.55 89.50 89.55
   - Percentage of Share(as a % of the total Share capital of the company) 42.36 42.36 42.15 42.36
         

Segmentwise Revenue,Results and Capital Employed(Audited)

  

 Particulars                    

3 Months Ended 30.06.2015

3 Months Ended 31.03.2015

3 Months Ended 30.06.2014

 Year  Ended 31.03.2015

1. Segment Revenue                        
(a) Sugar                1962 1830 3824 15229
(b) Co-generation 91 1014 15 2172
Sub total 2053 2844 3839 17401
Less: Intersegmental Revenue 58 714 2 1525
Net Sales/Income From Operations                 1995 2130 3837 15876
       
2. Segment Results                      
Profit / (Loss) Before Tax and interest from each segment        
(a) Sugar (1231) 240 (233) 34
(b) Co-generation (106) 365 (152) 100
Sub total (1337) 605 (385) 134
Less:        
(a) Finance Costs 164 130 153 512
(b) Other unallocable expenditure/(income) 93 26 38 165
Total Profit / (Loss) Before Tax (1594) 449 (576) (543)
       
3. Capital Employed        
 (Segment Assets- Segment Liabilities)               
(a) Sugar 7616 8558 6584 8558
(b) Co-generation 8714 9654 9231 9654
(c) Unallocable Assets less Liabilities (5364) (6201) (3936) (6201)
Total Capital Employed 10966 12011 11879 12011

 

Notes :
  1. Sugar production being seasonal, performance of one quarter is no  trend indicator.
  2. Sugar price crash has resulted in huge losses with no visible sign for an early turnaround.
  3. Deferred Tax Asset (DTA) is recognised considering the cyclical nature of the industry and expected upward revision in regulatory power tariff pursuant to the orders of Appellate Tribunal. The management is of the opinion that there is a virtual certainty that the company will have sufficient taxable income in future to realise the amount carried as DTA.
  4. Number of Investor complaints for the quarter ended 30-06-2015:                             Beginning-Nil, Received-Nil, Disposed-Nil and Pending-Nil.
  5. The above results were reviwed by the Audit Committee and approved by the Board of Directors at the respective meetings held on 24-07-2015.

  For Ponni Sugars (Erode) Ltd
Chennai N Ramanathan
24.07.2015 Managing Director