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Statement of Unaudited Financial Results for the Quarter  ended 30.06.2020

(Rs.Lakhs)

Particulars 3 Months Ended 30.06.2020 (Unaudited) 3 Months Ended 31.03.2020 (Audited) 3 Months Ended 30.06.2019 (Unaudited) Year Ended 31.03.2020 (Audited)
1. Income
a) Revenue from Operations 6146 6344 6753 31049
b) Other Income 54 31 4 404
Total Income 6200 6375 6757 31453
2. Expenses
a) Cost of Materials Consumed 1312 5363 1724 17547
b) Changes in Inventories of Finished Goods and Work-in- progress 3137 (1856) 3198 2553
c) Power & Fuel 407 891 868 3662
d) Employee Benefits Expense 448 427 392 1629
e) Finance Costs 35 79 97 268
f) Depreciation and Amortisation Expense 152 190 149 739
g) Other Expenses 177 209 249 1519
Total Expenses 5668 5303 6677 27917
3. Profit/ (Loss) before Exceptional items and taxes 532 1072 80 3536
4. Exceptional Items - (Gain) / Loss - (53) - (53)
5. Profit/(Loss) Before Tax (3-4) 532 1125 80 3589
6. Tax Expenses
Current Tax 93 200 16 533
Deferred Tax (65) 15 14 (38)
Total Tax Expenses 28 215 30 495
7. Profit/(Loss) for the period (5-6) 504 910 50 3094
8. Other Comprehensive Income(OCI)
i. Item that will not be reclassified to profit or loss
a. Effect of measuring Investments at fair value 4717 (5753) (406) (7371)
b. Actuarial gain on employee defined benefit obligation - (53) - (53)
ii. Income tax relating to items that will not be reclassified to
profit or loss - 15 - 15
Total OCI 4717 (5791) (406) (7409)
9. Total Comprehensive Income for the period (7+8) 5221 (4881) (356) (4315)
10. Earnings Per Share (Face Value : `10/- per share)
A)Basic(Rs.) 5.86 10.58 0.58 35.98
B)Diluted(Rs.) 5.86 10.58 0.58 35.98
11 Paid up Equity Share Capital (Face Value : `10/- per share) 860 860 860 860
12. Other Equity (excluding Revaluation Reserve) as shown in the audited balance sheet of the previous year - - - 23886

 

Segment wise Revenue, Results and Capital Employed (Unaudited)

Particulars 3 Months Ended 30.06.2020 (Unaudited) 3 Months Ended 31.03.2020 (Audited) 3 Months Ended 30.06.2019 (Unaudited) Year Ended 31.03.2020 (Audited)
1 Segment Revenue
a) Sugar 5816 5660 5683 27587
b) Co-generation 798 2367 1679 9427
Sub total 6614 8027 7362 37014
Less:Intersegmental Revenue 468 1683 609 5965
Sales / Income From Operations 6146 6344 6753 31049
2 Segment Results
Profit/(Loss) before Tax and Interest
from each segment
a) Sugar 554 683 (86) 2040
b) Co-generation 44 560 340 1811
Sub total 598 1243 254 3851
Less:
a) Finance Costs 35 79 97 268
b) Other Unallocable expenditure/(income) 31 39 77 (6)
Total Profit/(Loss) Before Tax 532 1125 80 3589
3 Segment Assets
a) Sugar 4853 7852 7519 7852
b) Co-generation 10009 14128 12201 14128
c) Unallocable 18079 9546 16991 9546
Total 32941 31526 36711 31526
4 Segment Liabilities
a) Sugar 1977 3778 2851 3778
b) Co-generation 159 141 260 141
c) Unallocable 838 2861 4688 2861
Total 2974 6780 7799 6780

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. Revenue from operations for the current quarter includes Rs.439 lakhs of transport subsidy for sugarcane granted and disbursed by Government of Tamil nadu pertaining to 2018-19 sugar season.

4. Production operations remained shut between 25-03-2020 and 21-04-2020 owing to Covid-19 induced lockdown. With the exemption available for the Company engaged in the manufacture of essential item, its operations are near normal on resumption of production from 22-04-2020 and there is no significant impact of Covid-19 as assessed by the Management.

5. The above unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on 06th August 2020. The statutory auditors have conducted a limited review of the financial results.
                                                                                                                                       For Ponni Sugars (Erode) Ltd

Chennai                                                                                                                                             N Ramanathan
06.08.2020                                                                                                                                   Managing Director