Ponni Sugars - Balance Sheet

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Statement of Audited Financial Results for the Quarter and Nine Months Ended 31.12.2015

(Rs.Lakhs)

Description	3 Months Ended 31.12.2015(Audited)	3 Months Ended 30.09.2015 (Audited)	3 Months Ended 31.12.2014 (Audited)	9 Months Ended 31.12.2015 (Audited)	9 Months Ended 31.12.2014 (Audited)	Year Ended 31.03.2015 (Audited)
1. Income from operations
(a) Net Sales / Income from Operations (Net of excise duty)	4076	5563	3101	11611	13682	15787
(b) Other Operating Income	13	17	35	53	64	89
Total Income from operations(Net)	4089	5580	3136	11664	13746	15876
2. Expenses
(a) Cost of Materials consumed	188	6405	577	6903	7479	11971
(b)Changes in inventories of finished goods and work in progress	3335	(2611)	2543	3097	3433	(53)
(c)Utilities	66	805	145	989	1297	2047
(d) Employee benifits expense	317	314	334	964	991	1327
(e) Depreciation and amortisation expense	141	141	142	423	425	566
(f) Other Expenses	102	347	190	600	734	1133
Total Expenses	4149	5401	3931	12976	14359	16991
3. Profit/(Loss) from operation before other Income, finance costs & exceptional Items (1-2)	(60)	179	(795)	(1312)	(613)	(1115)
4. Other Income	9	74	3	84	136	191
5. Profit/(Loss) from ordinary activities before finance costs and exceptional items (3+4)	(51)	253	(792)	(1228)	(477)	(924)
6. Financial Costs	145	160	120	469	382	512
7. Profit/(Loss) from ordinary activities after finance costs but before exceptional items (5-6)	(196)	93	(912)	(1697)	(859)	(1436)
8. Exceptional items	0	0	0	0	133	(893)
9. Profit /(Loss) from ordinary activities before tax (7-8)	(196)	93	(912)	(1697)	(992)	(543)
10. Tax Expense	(78)	80	(317)	(547)	(351)	(178)
11. Net Profit / (Loss) for the period (9-10)	(118)	13	(595)	(1150)	(641)	(365)
12. Paid-Up Equity Share Capital (Face Value Rs.10 per share)	860	860	860	860	860	860
13. Reserves excluding Revaluation Reserves	10001	10119	10875	10001	10875	11151
14. Earning Per Share (Rs)
Basic and Diluted (not annualised)	(1.37)	0.15	(6.92)	(13.37)	(7.45)	(4.24)

Segmentwise Revenue,Results and Capital Employed (Audited)

(Rs. in Lacs)

Description	3 Months Ended 31.12.2015 (Audited)	3 Months Ended 30.09.2015 (Audited)	3 Months Ended 31.12.2014 (Audited)	9 Months Ended 31.12.2015 (Audited)	9 Months Ended 31.12.2014 (Audited)	Year Ended 31.03.2015 (Audited)
1. Segment Revenue
(a) Sugar	4065	5250	3104	11277	13399	15229
(b) Co-generation	54	1255	98	1400	1158	2172
Sub total	4119	6505	3202	12677	14557	17401
Less: Intersegmental Revenue	30	925	66	1013	811	1525
Net Sales/Income From Operations	4089	5580	3136	11664	13746	15876

2. Segment Results
Profit / (Loss) Before Tax and interest from each segment
(a) Sugar	165	(288)	(507)	(1354)	(206)	34
(b) Co-generation	(133)	566	(185)	327	(265)	100
Sub total	32	278	(692)	(1027)	(471)	134
Less:
(a) Finance Costs	145	160	120	469	382	512
(b) Other unallocable expenditure/(income)	83	25	100	201	139	165
Total Profit / (Loss) Before Tax	(196)	93	(912)	(1697)	(992)	(543)

3. Capital Employed
(Segment Assets- Segment Liabilities)
(a) Sugar	6748	7770	6506	6748	6506	8558
(b) Co-generation	8782	8958	9328	8782	9328	9654
(c) Unallocable Assets less Liabilities	(4669)	(5749)	(4099)	(4669)	(4099)	(6201)
Total Capital Employed	10861	10979	11735	10861	11735	12011

Notes :

Sugar production being seasonal, performance of one quarter is not indicative of the trend for the whole year.
Sugar prices have started recovering from their rock bottom levels on the strength of improved fundamentals, though still ruling below cost of production.
The above results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on 05.02.2016

	For Ponni Sugars (Erode) Ltd
Chennai	N Ramanathan
05.02.2016	Managing Director

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