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Statement of audited Financial Results for the Quarter and year ended 30.09.2021

(Rs.Lakhs)

Particulars 3 Months Ended 30.09.2021 (Unaudited) 3 Months Ended 30.06.2021 (Unaudited) 3 Months Ended 30.09.2020 (Unaudited) 6 Months Ended 30.09.2021 (Unaudited) 6 Months
Ended 30.09.2020 (Unaudited)
 Year Ended 31.03.2021 (Audited)
1. Income            
a) Revenue from Operations 8993 6473 7769 15466 13915 25623
b) Other Income 284 56 408 340 462 632
Total Income 9277 6529 8177 15806 14377 26255
2. Expenses
a) Cost of Materials Consumed 8144 2303 7795 10447 9107 18496
b) Changes in Inventories of Finished Goods and Work-in- progress (2647) 2357 (2675) (290) 462 (1303)
c) Power & Fuel 1098 439 813 1537 1220 2231
d) Employee Benefits Expense 465 486 438 951 886 1760
e) Finance Costs 6 1 12 7 47 54
f) Depreciation and Amortisation Expense 158 158 150 316 302 731
g) Other Expenses 515 267 371 782 548 1427
Total Expenses 7739 6011 6904 13750 12572 23396
3. Profit before Exceptional items and taxes 1538 518 1273 2056 1805 2859
4. Exceptional Items - (Gain) / Loss 0 0 0 0 0 0
5. Profit Before Tax (3-4) 1538 518 1273 2056 1805 2859
6. Tax Expenses
Current Tax 269 90 222 359 315 501
Deferred Tax (32) (29) (156) (61) (221) (208)
Total Tax Expenses 237 61 66 298 94 293
7. Profit for the period (5-6) 1301 457 1207 1758 1711 2566
8. Other Comprehensive Income(OCI)
i. Item that will not be reclassified to profit or loss
a. Effect of measuring Investments at fair value (550) 3693 (1727) 3143 2990 5653
b. Actuarial gain on employee defined benefit obligation 0 0 0 0 0 28
ii. Income tax relating to items that will not be reclassified to profit or loss (100) (68) 0 (168) 0 (8)
Total OCI (650) 3625 (1727) 2975 2990 5673
9. Total Comprehensive Income for the period (7+8) 651 4082 (520) 4733 4701 8239
10. Earnings Per Share (Face Value : `10/- per share)
A) Basic ( `) 15.13 5.31 14.03 20.44 19.90 29.84
B) Diluted ( `) 15.13 5.31 14.03 20.44 19.90 29.84
11 Paid up Equity Share Capital (Face Value : `10/- per share) 860.00 860.00 860.00 860.00 860.00 860.00
12. Other Equity (excluding Revaluation Reserve) as shown in the audited balance sheet of the previous year -- -- -- -- -- 31781

 

Segment wise Revenue, Results and Capital Employed (Unaudited)

Particulars 3 Months Ended 30.09.2021 (Unaudited) 3 Months Ended 30.06.2021 (Unaudited) 3 Months Ended 30.09.2020 (Unaudited) 6 Months Ended 30.09.2021 (Unaudited) 6 Months
Ended 30.09.2020 (Unaudited)
 Year Ended 31.03.2021 (Audited)
1 Segment Revenue            
a) Sugar 8342 6153 7139 14495 12955 24094
b) Co-generation 3438 1105 3204 4543 4002 7677
Sub total 11780 7258 10343 19038 16957 31771
Less:Intersegmental Revenue 2787 785 2574 3572 3042 6148
Sales/Income From Operations 8993 6473 7769 15466 13915 25623
Segment Results
Profit before Tax and Interest from each Segment
a) Sugar 843 441 151 1284 705 1295
b) Co-generation 521 145 822 666 866 1395
Sub total 1364 586 973 1950 1571 2690
Less:
a) Finance Costs 6 1 12 7 47 54
b) Other Unallocable expenditure/(income) (180) 67 (312) (113) (281) (223)
Total Profit Before Tax 1538 518 1273 2056 1805 2859
Segment Assets
a) Sugar 9797 7267 7406 9797 7406 9247
b) Co-generation 9813 10069 11326 9813 11326 10948
c) Unallocable 22936 22820 15247 22936 15247 17404
Total 42546 40156 33979 42546 33979 37599
Segment Liabilities
a) Sugar 4389 2371 3976 4389 3976 4106
b) Co-generation 211 212 167 211 167 175
c) Unallocable 1002 850 733 1002 733 677
Total 5602 3433 4876 5602 4876 4958

 

Statement of Assets and Liabilities

 

Particulars As at
30.09.2021
 (Unaudited)
As at
31.03.2021
(Audited)
A ASSETS
Non-Current Assets
(a) Property, Plant and Equipment 10145 10405
(b) Capital Work-in-Progress 298 19
(c) Intangible Assets 13 14
(d) Financial Assets
(i) Investments 18277 15134
(ii) Other financial assets 14 22
(e) Other Non-Current Assets 93 63
Total Non-Current Assets 28840 25657
Current Assets
(a) Inventories 5634 5178
(b) Financial Assets
(i) Trade Receivables 3041 4094
(ii) Cash and Cash Equivalents 2540 752
(iii) Bank balances other than (ii) above 2119 1486
(iv) Other Financial Assets 23 23
(c) Current Tax Assets (Net) 0 32
(d) Other Current Assets 349 377
Total Current Assets 13706 11942
TOTAL ASSETS 42546 37599
B EQUITY AND LIABILITIES
Equity
(a) Equity Share Capital 860 860
(b) Other Equity 36084 31781
Total Equity 36944 32641
Liabilities
2 (i) Non-Current Liabilities
(a) Financial Liabilities
(i) Borrowings 0 0
(b) Deferred Tax Liabilities (Net) 167 60
(c ) Provisions 727 590
Total Non-Current Liabilities 894 650
2 (ii) Current Liabilities
(a) Financial Liabilities
(i) Borrowings 0 0
(ii) Trade Payables
- Micro and Small enterprises 86 37
- Others 3587 3516
(iii) Other Financial Liabilities 155 133
(b) Other Current Liabilities 766 620
(c) Provisions 43 2
(d) Current Tax Liabilities (Net) 71 0
Total Current Liabilities 4708 4308
TOTAL EQUITY AND LIABILITIES 42546 37599

 

Statement of Cash flows

Particulars 6 Months Ended
30.09.2021
 (Unaudited)
6 Months Ended
30.09.2020
(Unauduted)
As at
31.03.2021
(Audited)
A. Cash flow from Operating Activities:
Profit before tax 2056 1805 2859
Adjustments for:
Depreciation 316 302 731
Interest (82) (25) (74)
Dividend (236) (354) (354)
Remeasurement of defined benefit plan 0 0 28
Others 0 1 12
Operating Profit before working capital changes 2054 1729 3202
Adjustments for:
Trade and Other Receivables 426 427 1213
Inventories (456) 295 (1405)
Trade and other payables 329 232 368
Cash generated from operations 2353 2683 3378
Direct Tax paid net of refund (119) (209) (502)
Net cash from operating activities (A) 2234 2474 2876
B. Cash flow from Investing Activities:
Purchase / Acquisition of fixed assets (338) (56) (237)
Value of discarded assets (8)
Sale of Fixed Assets 4 6 14
Interest received 89 72 128
Dividend received 236 354 354
Net cash used in investing activities (B) (9) 376 251
C. Cash flow from Financing Activities:
Term Loan repaid 0 (656) (656)
Working Capital Loan 0 (1357) (1357)
Interest Paid (7) (55) (62)
Dividend plus Tax paid (430) (344) (344)
Net cash used in financing activities ( C ) (437) (2412) (2419)
Net increase in cash and cash equivalents (A+B+C) 1788 438 708
Cash and cash equivalents at the beginning 752 44 44
Cash and cash equivalents at the end 2540 482 752

Notes :

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

2. The company distributed on 23-07-2021 the dividend for FY 2020-2021 at Rs.5 (Rupees Five) per Equity Share declared at the 25th Annual Genereal Meeting.

3. The Company is engaged in the manufacture of an essential item. Its operations, including production and sales, are near normal despite Covid-19 induced restrictions that are getting progressively relaxed. There is no significant impact of Covid-19 for the Company as assessed by the Management..

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

5. The above unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on 22nd October 2021. The statutory auditors have conducted a limited review of the financial results.


                                                                                                                                        For Ponni Sugars (Erode) Ltd Chennai                                                                                                                                    N Ramanathan
22.10.2021                                                                                                                           Managing Director