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Statement of Unaudited Financial Results for the Quarter Ended 30.06.2019



(Rs.Lakhs)

Particulars

3 Months Ended 30.06.2019 (Unaudited)

3 Months Ended 31.03.2019 (Audited)

3 Months Ended 30.06.2018 (unaudited)

Year Ended 31.03.2019 (Audited)

1. Income          
(a) Revenue from Operations  6753 8333 2017 18484
(b) Other Income 4 6 18 312
            Total Income 6757 8339 2035 18796
2. Expenses        
(a)Cost of Materials consumed 1724 5509 217 12934
(b)Changes in Inventories of Finished Goods and Work in progress 3198 (281) 406 3143
(c) Power & Fuel 868 1214 947 4101
(d)Employee Benefits Expense 392 382 333 1419
(e) Finance Costs  97 151 39 347
(f) Depreciation and Amortisation   Expense 149 148 148 593
(g) Other Expenses 249 360 178 1212
           Total Expenses 6677 7483 2268 17463
3.Profit / (Loss)   before  Exceptional Items  and taxes 80 856 (233) 1333
4. Exceptional Items-Loss 0 133 0 133
5. Profit / (Loss)  Before Tax (3-4) 80 723 (233) 1200
6. Tax Expenses        
            Current Tax 16 150 (48) 198
            Deferred Tax 14 96 (20) 159
Total Tax Expenses  30 246 (68) 357
7. Profit/Loss for the period (5-6) 50 477 (165) 843
8.Other Comprehensive Income(OCI)             
 i. Item that will not be reclassified to profit or loss        
 a) Effect of measuring Investments at fair value  (406) (2094) 546 1237
  b)Actuarial gain on employee defined benefit obligation 0 6 0 6
ii.Income tax relating to items that will not be reclassified to profit or loss 0 77 0 (2)
Total OCI (406) (2011) 546 1241
9.Total   Comprehensive Income for the period (7+8) (356) (1534) 381 2084
10. Earnings per share (Face Value : Rs 10/- per share)        
        a) Basic  0.58 5.55 (1.92) 9.80
         b) Diluted  0.58 5.55 (1.92) 9.80
11. Paid up Equity Share Capital(Face Value : Rs 10/- per share) 860 860 860 860

12. Other Equity (excluding Revaluation Resereve) as shown in audited balance sheet date of the previous year

- - - 28408

Segmentwise Revenue,Results and Capital Employed (Unaudited)

  

Particulars                    

3 Months Ended 30.06.2019 (Unaudited)

3 Months Ended 31.03.2019 (Audited)

3 Months Ended 30.06.2018 (Unaudited)

Year Ended 31.03.2019 (Audited)

1. Segment Revenue                        
(a) Sugar                5683 7069 975 14246
(b) Co-generation 1679 2997 1165 8854
Sub total 7362 10066 2140 23100
Less: Intersegmental Revenue 609 1733 123 4616
Sales/Income From Operations                 6753 8333 2017 18484
       
2. Segment Results                      
Profit / (Loss) Before Tax and interest from each segment         
(a) Sugar (86) 341 (168) (72)
(b) Co-generation 340 614 33 1718
Sub total 254 955 (135) 1646
Less:        
(a) Finance Costs 97 151 39 347
(b) Other unallocable expenditure/(income) 77 81 59 99
Total Profit / (Loss) Before Tax 80 723 (233) 1200
       
3. Segment Assets        
(a) Sugar 7519 10429 6982 10429
(b) Co-generation 12201 11448 9544 11448
(c) Unallocable 16991 17203 16203 17203
Total 36711 39080 32729 39080
       
4. Segment Liabilities        
(a) Sugar 2851 5072 1652 5072
(b) Co-generation 260 329 182 329
(c) Unallocable 4688 4411 3227 4411
Total 7799 9812 5061 9812

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

2. Figures for the previous period have been regrouped wherever necessary.
3.  Below par sugarcane availability due to water stress and depressed sugar prices under supply glut continue to pose serious challenge to near term profitability. Liquidity is further stressed by undue delay in realizing Power sales. 

4.The above unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on 23rd July 2019. The Statutory auditors have conducted a limited review of the financial results
 
Chennai
23.07.2019
For Ponni Sugars (Erode) Ltd
 

N Ramanathan
Managing Director

 

 
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