Ponni Sugars - Balance Sheet

Financials

Audited Financial Results for the Quarter ended 31.12.2006

(Rs.Lakhs)

Quarter Ended 31.12.2006	Quarter Ended 31.12.2005	Description	Nine Months Ended 31.12.2006	Nine Months Ended 31.12.2005	Year Ended 31.03.2006
4236	4248	Net Sales/Income from Operations	11191	9361	13633
26	14	Other Income	84	69	105
		Total Expenditure
307	447	(a) (Increase)/Decrease in stock in trade	117	(18)	(337)
2880	2594	(b) Materials	7824	6402	9298
265	327	(c) Utilities	742	795	1117
163	147	(d) Staff Cost	504	435	626
134	188	(e) Other Expenditure	580	563	878
41	57	Interest	106	177	217
62	62	Depreciation	184	181	242
410	440	Profit /(Loss) Before Tax	1218	895	1697
29	(106)	Exceptional items	55	(58)	(37)
128	185	Provision for Taxation	385	321	598
253	361	Net Profit / (Loss) After Tax	778	632	1136
820	820	Paid-up Equity Share Capital	820	820	820
		(Face Value : Rs. 10 Per Share)
		Reserves excluding Revaluation Reserves			2527
3.08	4.40	Basic & Diluted EPS (Rs)	9.49	7.71	13.86

Notes :

The Company is engaged in single segment, viz., Sugar, the production of which is seasonal in nature. Performance of one quarter is hence not indicative of the trend for whole year.
Global and domestic sugar prices have turned bearish to adversely impact nearterm prospects.
Number of investor complaints for the quarter : Beginning - Nil, Received - 6, Disposed - 6 and Pending - Nil.
The above results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on 19.01.2007.