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Statement of audited Financial Results for the Quarter and year ended 31.03.2022

(Rs.Lakhs)

Particulars 3 Months Ended 31.03.2022 (Audited) 3 Months Ended 31.12.2021 (Unaudited) 3 Months Ended 31.03.2021 (Audited) Year Ended 31.03.2022 (Audited)  Year Ended 31.03.2021 (Audited)
    (Note -3)   (Note - 3)    
1. Income
a) Revenue from Operations 6943 6426 6246 28835 25623
b) Other Income 134 223 117 697 632
Total Income 7077 6649 6363 29532 26255
2. Expenses
a) Cost of Materials Consumed 7394 2320 6739 20161 18496
b) Changes in Inventories of Finished Goods and Work-in-Progress (4049) 2545 (3351) (1794) (1303)
c) Power & Fuel 1111 274 695 2922 2231
d) Employee Benefits Expense 449 484 453 1884 1760
e) Finance Costs 2 3 7 12 54
f) Depreciation and Amortisation Expense 168 160 278 644 731
g) Other Expenses 556 768 555 2106 1427
Total Expenses 5631 6554 5376 25935 23396
3. Profit Before Tax (1-2) 1446 95 987 3597 2859
4. Tax Expenses
Current Tax 218 17 174 594 501
Deferred Tax 101 38 22 78 (208)
Total Tax Expenses 319 55 196 672 293
5. Profit for the period (3-4) 1127 40 791 2925 2566
6. Other Comprehensive Income (OCI)
i. Item that will not be reclassified to profit or loss
a. Effect of measuring Investments at fair value 1858 (3178) 1129 1823 5653
b. Actuarial gain on employee defined benefit obligation 12 0 28 12 28
ii. Income tax relating to items that will not be reclassified to
profit or loss 39 6 (8) (123) (8)
Total OCI 1909 (3172) 1149 1712 5673
7. Total Comprehensive Income for the period (5+6) 3036 (3132) 1940 4637 8239
8. Earnings Per Share (Face Value : Rs. 10/- per share)
A) Basic ( `) 13.10 0.47 9.20 34.01 29.84
B) Diluted ( `) 13.10 0.47 9.20 34.01 29.84
9. Paid up Equity Share Capital (Face Value : `10/- per share) 860.00 860.00 860.00 860.00 860.00
10. Other Equity (excluding Revaluation Reserve) as at balance sheet date 35988 31781

 

Segment wise Revenue, Results and Capital Employed (Audited)

Particulars 3 Months Ended 31.03.2022 (Audited) 3 Months Ended 31.12.2021 (Unaudited) 3 Months Ended 31.03.2021 (Audited) Year Ended 31.03.2022 (Audited)  Year Ended 31.03.2021 (Audited)
Segment Revenue    
a) Sugar 6298 6316 5852 27109 24094
b) Co-generation 3500 879 2610 8922 7677
Sub total 9798 7195 8462 36031 31771
Less:Intersegmental Revenue 2855 769 2216 7196 6148
Sales / Income From Operations 6943 6426 6246 28835 25623
Segment Results
Profit/(Loss) before Tax and Interest from each segment
a) Sugar 702 262 650 2248 1295
b) Co-generation 759 (259) 353 1166 1395
Sub total 1461 3 1003 3414 2690
Less:
a) Finance Costs 2 3 7 12 54
b) Other Unallocable expenditure/(income) 13 (95) 9 (195) (223)
Total Profit Before Tax 1446 95 987 3597 2859
Segment Assets
a) Sugar 12679 8334 9247 12679 9247
b) Co-generation 11177 9906 10948 11177 10948
c) Unallocable 18007 19999 17404 18007 17404
Total 41863 38239 37599 41863 37599
Segment Liabilities
a) Sugar 3747 3207 4106 3747 4106
b) Co-generation 246 257 175 246 175
c) Unallocable 1022 963 677 1022 677
Total 5015 4427 4958 5015 4958

 

Statement of Assets and Liabilities (Audited)

Particulars As at 31.03.2022 As at 31.12.2021
A ASSETS
Non-Current Assets
(a) Property, Plant and Equipment 11217 10405
(b) Capital Work-in-Progress 359 19
(c) Intangible Assets 17 14
(d) Financial Assets
(i) Investments 16957 15134
(ii) Other financial assets 15 22
(e) Other Non-Current Assets 64 63
Total Non-Current Assets 28629 25657
Current Assets
(a) Inventories 7095 5178
(b) Financial Assets
(i) Trade Receivables 4541 4094
(ii) Cash and Cash Equivalents 110 752
(iii) Bank balances other than (ii) above 879 1509
(c) Current Tax Assets (Net) 61 32
(d) Other Current Assets 548 377
Total Current Assets 13234 11942
TOTAL ASSETS 41863 37599
B EQUITY AND LIABILITIES
Equity
(a) Equity Share Capital 860 860
(b) Other Equity 35988 31781
Total Equity 36848 32641
Liabilities
2 (i) Non-Current Liabilities
(a) Deferred Tax Liabilities (Net) 261 60
(b) Provisions 726 590
Total Non-Current Liabilities 987 650
2 (ii) Current Liabilities
(a) Financial Liabilities
(i) Trade Payables
- Micro and Small enterprises 39 37
- Others 3228 3516
(ii) Other Financial Liabilities 235 133
(b) Other Current Liabilities 523 620
(c) Provisions 3 2
Total Current Liabilities 4028 4308
TOTAL EQUITY AND LIABILITIES 41863 37599

 

Statement of Cash flows

Particulars Year Ended 31.03.2022(Audited) Year Ended 31.03.2021(Audited)
A. Cash flow from Operating Activities:
Profit before tax 3597 2859
Adjustments for:
Depreciation 644 731
Interest (264) (74)
Dividend (236) (354)
Remeasurement of defined benefit plan 12 28
Others 1 12
Operating Profit before working capital changes 3754 3202
Adjustments for:
Trade and Other Receivables 18 1213
Inventories (1917) (1405)
Trade and other payables (280) 368
Cash generated from operations 1575 3378
Direct Tax paid net of refund (487) (502)
Net cash from operating activities (A) 1088 2876
B. Cash flow from Investing Activities:
Purchase / Acquisition of fixed assets (1804) (237)
Value of discarded assets (1) (8)
Sale of Fixed Assets 5 14
Interest received 276 128
Dividend received 236 354
Net cash used in investing activities (B) (1288) 251
C. Cash flow from Financing Activities:
Term Loan repaid 0 (656)
Working Capital Loan 0 (1357)
Interest Paid (12) (62)
Dividend plus Tax paid (430) (344)
Net cash used in financing activities ( C ) (442) (2419)
Net increase in cash and cash equivalents (A+B+C) (642) 708
Cash and cash equivalents at the beginning 752 44
Cash and cash equivalents at the end 110 752

Notes :

1. The Board has recommended a dividend of Rs.5.50 per Equity Share of Rs.10/- for FY 2021-22.

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

3. 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.

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

5. The above financial results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on 6th May 2022.
                                                                                                                                      For Ponni Sugars (Erode) Ltd

Chennai                                                                                                                                             N Ramanathan
06.05.2022                                                                                                                                   Managing Director