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Statement of Unaudited Financial Results for the Quarter Ended 30.06.2017



(Rs.Lakhs)

 Particulars  

3 Months Ended 30.06.2017

3 Months Ended 30.06.2016

Income  
(a) Revenue from Operations

4263 

6043
(b) Other Income 4  2
Total Income  4267  6045
Expenses    
(a) Cost of Material consumed  4853  2324
(b)Changes in inventories of finished goods and work in progress

(2800)

 1901
(c) Excise Duty  134  242
(d) Power & Fuel  855  211
(e) Employee benifits expenses   369  350
(f) Finance Costs  94  125
(g) Depreciation and amortisation expenses   141  141
(h) Other Expenses  421  314
Total Expenses  4067  5608
Profit/(Loss)  before  Exceptional Items and tax  200  437
Exceptional Items

 -

 5
Profit/(Loss)  Before Tax (3-4)  200  437
Tax Expenses    
       Current Tax  42  67
      Less: MAT Credit Entitlement    (42)  (67)
       Deferred Tax  62  98
Total Tax Expenses  62  98
Profit/(Loss) for the period (5-6)  138  334
Other Comprehensive Income (OCI)    

i. Item that will not be reclassified to profit or loss  - Efect of measuring Investments at fair value 

 (325)  1086
ii. Income tax relating to items that will not be reclassified to Profit or Loss  -  -
iii. Item that will be reclassified to profit or loss
Fair value changes on derivatives designated as cash flow hedge, net
 (3)  -
Total OCI       (328)  1086
Total Comprehesive Income for the period (7+8)  (190)  1420
Earning Per Share (Face Value : Rs. 10/- per share)    

         A) Basic (Rs.)    

 1.60  3.88

        B) Diluted (Rs.) 

 1.60  3.88
Paid up Equity Share Capital (Face ValueRs. 10/- per Share)  860  860
Other Equity (excluding Revaluation Reserve) as shown in the audited balance sheet of previous year.  -  -

Segmentwise Revenue,Results and Capital Employed(Audited)

  

 Particulars                    

3 Months Ended 30.06.2017

3 Months Ended 30.06.2016

1. Segment Revenue    
(a) Sugar                3498 5886
(b) Co-generation  1969  830
Sub total  5467  6716
Less: Intersegmental Revenue  1204  673
Sales/Income From Operations                  4263  6043
   
2. Segment Results                  
Profit / (Loss) Before Tax and interest from each segment    
(a) Sugar  (54) 468
(b) Co-generation  432  178
Sub total  378  646
Less:    
(a) Finance Costs  94  125
(b) Other unallocable expenditure/(income)  84  89
Total Profit / (Loss) Before Tax  200  432
   
3. Segment Assets    
(a) Sugar  12156  9786
(b) Co-generation  10332  10600
(c) Unallocable  14473  5699
Total  36961  26085
3. Segment Liabilities     
(a) Sugar  3073  2219
(b) Co-generation  158 50
(c) Unallocable  8261  8025
Total  11492  10294

 

 

Notes :
  1. The above unaudited financial results were reviewed by the audited committee and approved by the Board of Directors at the respective meetings held on 2nd August 2017. The statutory auditors have conducted a limited review of these financial results for the current quarter.
  2. In compliance of MCA Notification dated 16-02-2016, the company has adopted Indian Accounting Standard ("Ind AS") from April 1, 2017. Based on SEBI Circular CIR/CFD/FAC/62/2016 dated july 05, 2016, the company has presented Ind-AS compliant financial results for the previous period and provided below the reconciliation of Net Profit / (Loss) in accordance with the requirements of  paragraph 32 of the Ind-AS 101 - First time adoption of Ind-AS:

    Reconciliation of net profit between Ind AS and previous GAAP for the earlier period

Sl. No.

 Particulars                    

3 Months Ended 30.06.2016

    1. Net Profit / (Loss) as per previous GAAP 228 
   2.  Adjustments:
 - Fair Valuation of financial assets
106
    3. Net Profit / (Loss) before OCI 334 
    4. Other Comprehensive Income 1086 
   5. Total Comprehensive Income / (Loss) for the period 1420 

3 .    The Ind-As compliant financial results as above pertaining to corresponding quarter   of  the previous year have not been subjected to limited review or audit. The Management has exercised necessary due diligence to ensure that the said fin ancial results provide a true and fair view of affairs.

4.    Sugar production being seasonal being seasonal, performance of one quarter is not indicative of the trend for the whole year.

5.    Sugar production in 2017-18 season would be under stress with drought severely        impacting area, yield and sugar content in cane.

6.  Figures for the previous preiod have been regrouped wherever necessary.

 

  For Ponni Sugars (Erode) Ltd
Chennai N Ramanathan
02.08.2017 Managing Director