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Statement of Unaudited Financial Results for the Quarter  ended 30.06.2022

(Rs.Lakhs)

Particulars 3 Months Ended 30.06.2022 (Unaudited) 3 Months Ended 31.03.2022 (Audited) 3 Months Ended 30.06.2021 (Unaudited) Year Ended 31.03.2022 (Audited)
1. Income
a) Revenue from Operations 8447 6943 6473 28835
b) Other Income 362 134 56 697
Total Income 8809 7077 6529 29532
2. Expenses
a) Cost of Materials Consumed 4386 7394 2303 20161
b) Changes in Inventories of Finished Goods and Work-in- progress 1641 (4049) 2357 (1794)
c) Power & Fuel 772 1111 439 2922
d) Employee Benefits Expense 530 449 486 1884
e) Finance Costs 20 2 1 12
f) Depreciation and Amortisation Expense 184 168 158 644
g) Other Expenses 1028 556 267 2106
Total Expenses 8561 5631 6011 25935
3 Profit Before Tax (1-2) 248 1446 518 3597
4 Tax Expenses
Current Tax 40 218 90 594
Deferred Tax (8) 101 (29) 78
Total Tax Expenses 32 319 61 672
5 Profit for the period (3-4) 216 1127 457 2925
6 Other Comprehensive Income(OCI)
i. Item that will not be reclassified to profit or loss
a. Effect of measuring Investments at fair value 851 1858 3693 1823
b. Actuarial gain on employee defined benefit obligation 0 12 0 12
ii. Income tax relating to items that will not be reclassified to profit or loss 25 39 (68) (123)
Total OCI 876 1909 3625 1712
7 Total Comprehensive Income for the period (5+6) 1092 3036 4082 4637
8 Earnings Per Share (Face Value : Rs.10/- per share)
A) Basic (Rs.) 2.51 13.10 5.31 34.01
B) Diluted (Rs.) 2.51 13.10 5.31 34.01
9 Paid up Equity Share Capital (Face Value : Rs.10/- per share) 860 860 860 860
10 Other Equity (excluding Revaluation Reserve) as shown in the audited balance sheet of the previous year - - - 35988

 

Segment wise Revenue, Results and Capital Employed (Unaudited)

Particulars 3 Months Ended 30.06.2022 (Unaudited) 3 Months Ended 31.03.2022 (Audited) 3 Months Ended 30.06.2021 (Unaudited) Year Ended 31.03.2022 (Audited)
1 Segment Revenue        
  a)Sugar 7968 6298 6153 27109
b) Co-generation 1974 3500 1105 8922
Sub total 9942 9798 7258 36031
Less:Intersegmental Revenue 1495 2855 785 7196
Sales / Income From Operations 8447 6943 6473 28835
2 Segment Results    
Profit before Tax and Interest from each segment    
a) Sugar 348 702 441 2248
b) Co-generation 28 759 145 1166
Sub total 376 1461 586 3414
Less:    
a) Finance Costs 20 2 1 12
b) Other Unallocable expenditure/(income) 108 13 67 (195)
Total Profit Before Tax 248 1446 518 3597
3 Segment Assets    
a) Sugar 11758 12679 7267 12679
b) Co-generation 11935 11177 10069 11177
c) Unallocable 18530 18007 22820 18007
Total 42223 41863 40156 41863
4 Segment Liabilities    
a) Sugar 2959 3747 2371 3747
b) Co-generation 318 246 212 246
c) Unallocable 1006 1022 850 1022
Total 4283 5015 3433 5015

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. Pursuant to the provisions of the Electricity ( Late Payment Surcharge and Related Matters) Rules, 2022 TANGEDCO has opted to avail the Liquidation Plan thereunder and pay the outstanding dues as of 3rd June 2022 in 48 EMIs with no further interest. Accordingly, the Company has recognised LPSC of Rs. 3.54 crores at fair value in 'other income' and impairment loss of Rs.4.80 crores on the receivables in 'other expenses' in this quarter.

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 19th July 2022. The statutory auditors have conducted a limited review of the financial results.

 
                                                                                                                               For Ponni Sugars (Erode) Ltd                                                                                                                                                       N Ramanathan
Chennai
19.07.2022                                                                                                                                   Managing Director