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Statement of audited Financial Results for the Quarter and Year Ended 31.03.2019



(Rs.Lakhs)

Particulars

3 Months Ended 31.03.2019 (Audited)

3 Months Ended 31.12.2018 (Unaudited)

3 Months Ended 31.03.2018 (Audited)

Year Ended 31.03.2019 (Audited)

Year Ended 31.03.2018 (Audited)

1. Income   (Note 5)    (Note 5)     
(a) Revenue from Operations  8333 4706 2012 18484 19598
(b) Other Income 6 7 18 312 261
            Total Income 8339 4713 2030 18796 19859
2. Expenses          
(a)Cost of Materials consumed 5509 2157 2867 12934 10675
(b)Changes in Inventories of Finished Goods, Work in progress (281) 1113 (2607) (3143) 1789
(c) Power & Fuel 1214 619 1025 4101 2738
(d) Employee Benefits Expense 382 353 354 1419 1413
(e) Finance Costs  151 98 6 347 197
(f) Depreciation and Amortisation   Expense 148 149 144 593 568
(g) Other Expenses 360 379 332 1212 973
Total Expenses 7483 4868 2121 17463 18353
3.Profit / (Loss)   before  Exceptional Items  and taxes 856 (155) (91) 1333 1506
4. Exceptional Items-Loss [Note 7] 133 - 461 133 1126
5. Profit / (Loss)  Before Tax (3-4) 723 (155) (552) 1200 380
6. Tax Expenses          
            Current Tax 150 (32) (120) 198 46
            Deferred Tax 96 (3) (105) 159 -
Total Tax Expenses  246 (35) (225) 357 46
7. Profit/Loss for the period (5-6) 477 (120) (327) 843 334
8.Other Comprehensive Income(OCI)               
 i. Item that will not be reclassified to profit or loss          
 a) Effect of measuring Investments at fair value  (2094) (251) (585) 1237 1553
  b)Actuarial gain on employee defined benefit obligation 6 - 2 6 2
ii.Income tax relating to items that will not be reclassified to profit or loss 77 28 (1) (2) (1)
Total OCI (2011) (223) (584) 1241 1554
9.Total   Comprehensive Income for the period (7+8) (1534) (343) (911) 2084 1888
10. Earnings per share (Face Value : Rs 10/- per share)          
        a) Basic  5.55 (1.40) (3.80) 9.80 3.88
         b) Diluted  5.55 (1.40) (3.80) 9.80 3.88
11. Paid up Equity Share Capital(Face Value : Rs 10/- per share) 860 860 860 860 860

12. Other Equity (excluding Revaluation Resereve) as at balance sheet date

- - - 28408 26427

Segmentwise Revenue,Results and Capital Employed (Audited)

  

Particulars                    

3 Months Ended 31.03.2019 (Audited)

3 Months Ended 31.12.2018 (Unaudited)

3 Months Ended 31.03.2018 (Audited)

Year Ended 31.03.2019 (Audited)

Year Ended 31.03.2018 (Audited)

1. Segment Revenue                   (Note 5)   (Note 5)    
(a) Sugar                7069 4061 1242 14246 17331
(b) Co-generation 2997 1479 2182 8854 5960
Sub total 10066 5540 3424 23100 23291
Less: Intersegmental Revenue 1733 843 1412 4616 3693
Sales/Income From Operations                 8333 4706 2012 18484 19598
         
2. Segment Results                        
Profit / (Loss) Before Tax and interest from each segment           
(a) Sugar 341 (184) (872) (72) (230)
(b) Co-generation 614 212 425 1718 1042
Sub total 955 28 (447) 1646 812
Less:          
(a) Finance Costs 151 98 6 347 197
(b) Other unallocable expenditure/(income) 81 85 99 99 235
Total Profit / (Loss) Before Tax 723 (155) (552) 1200 380
         
3. Segment Assets          
(a) Sugar 10429 10390 7426 10429 7426
(b) Co-generation 11448 10917 9742 11448 9742
(c) Unallocable 17203 19006 15668 17203 15668
Total 39080 40313 32836 39080 32836
         
4. Segment Liabilities          
(a) Sugar 5072 3387 3919 5072 3919
(b) Co-generation 329 289 207 329 207
(c) Unallocable 4411 5836 1423 4411 1423
Total 9812 9512 5549 9812 5549



Statement of Assets & Liabilities (Audited)

  

Particulars                    

As at 31.03.2019

As at 31.03.2018

A. ASSETS    
1. Non Current Assets                    
(a) Property, Plant & Equipment                11413 11949
(b) Capital Work In Progress 11 6
(c) Intangible Assets 4 3
(d) Financial Assets    
    (i) Investments  16852 15615
    (ii) Other Financial Assets  28 25
(e) Other Non Current Assets  41 55
Total Non Current Assets 28349 27653
2. Current Assets                  
(a) Inventories 6402 3131
(b) Financial Assets    
       (i) Trade Receivables 3806 1839
      (ii) Cash and Cash Equivalents 331 32
     (iii) Bank balances other than (ii) above  20 21
(c) Other Current Assets 172 160
Total Current Assets 10731 5183
TOTAL ASSETS 39080 32836
      
B. EQUITY AND LIABILITIES    
Equity    
(a) Equity share Capital 860 860
(b) Other Equity  28408 26427
Total Equity 29268 27287
   
Liabilities    
1. Non-Current Liabilities     
(a) Deffered Tax Liabilities (Net) 313 152
(b) Provisions 576 525
Total Non Current Liabilities 889 667
      
2. Current Liabilities    
 (a) Financial Liabilities    
        (i) Borrowings 3487 151
        (ii) Trade Payables    
              -Micro and small enterprises 13 -
             -Others 3615 3697
        (iii) Other Financial Liabilities 109 644
 (b) Other Current Liabilities 1684 356
 (c) Provisions 2 24
(d) Current Tax Liabilities (Net) 13 -
Total Current Liabilities 8923 4872
TOTAL EQUITY AND LIABILITIES 39080 32836

 
Notes

1.  The Board has recommended a dividend of Rs.2 /- per Equity Share of Rs.10/- for FY 2018-19.

2. The Register of Members and Share Transfer Books of the Company will remain closed from Wednesday, the 17th July 2019 to Tuesday, the 23rd July 2019 (both days inclusive).

3. Revenue till 30th June 2017 was inclusive of excise duty while GST from 1st July 2017 is not included in Revenue in accordance with 'Ind As 115'. For comparability, Revenue for the previous year excluding duty is Rs.19464 lakhs.

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

5. 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.

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

7. Exceptional items comprise of: (Rs. in Lakhs)                 Quarter Ended                    Year Ended
                                                                                                                              31/03/2019
   (i) Indirect tax demands contested                                                102                              102 

   (ii) Electricity-Parallel Operation Charges                                        31                                 31
 
8. Sugar prices continue to remain unviable under supply glut. Sugarcane availability is constrained by water stress. Liquidity is strained by inordinate delay in realizing power dues.

9. The above financial results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on 24th May 2019.
 
Chennai
24.05.2019

For Ponni Sugars (Erode) Ltd


          N. Ramanathan
        Managing Director

 

 
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