Ponni Sugars - Balance Sheet

Financials

Audited Financial Results for the Quarter Ended 30.06.2008

(Rs.Lakhs)

Sl No.	Description	3 Months Ended 30.06.2008	3 Months Ended 30.06.2007	Year Ended 31.03.2008
1	Net Sales	2289	3222	14028
2	Other Income	33	106	374
3	Total Income	2322	3328	14402
4	Expenditure
	(a) (Increase)/Decrease in stock in trade & work in progress	702	(47)	440
	(b)Consumption of Materials	1193	2923	11418
	(c) Employee Cost	188	171	740
	(d) Depreciation	73	65	282
	(e) Other Expenditure	267	504	1827
	(f) Total	2423	3616	14707
5	Interest	21	74	112
6	Exceptional items	0	0	108
7	Profit /(Loss) from ordinary activities before tax	(122)	(362)	(309)
8	Tax expense	(19)	(122)	(121)
9	Net Profit/(Loss) for the Period	(103)	(240)	(188)
10	Paid-Up Equity Share Capital (Face Value Rs.10 per share)	820	820	820
11	Reserves excluding Revaluation Reserves			2685
12	Basic and Diluted EPS (Rs)	(1.25)	(2.93)	(2.29)
13	Public Shareholding
	- Number of Equity shares	4725280	4725280	4725280
	- Percentage of shareholding	57.64	57.64	57.64

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.
There was no extra-ordinary item and results of all the reporting periods above are audited.
Paid up Equity Share Capital will increase to Rs.860 lakhs in terms of Preferential Issue approved by Shareholders on 18th July 2008 for the conversion of Rs.200 lakhs of Preference Capital into Equity at Rs.50 Per Share.
The above results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on 18.07.2008.
Number of investor complaints for the quarter: Begining - Nil, Received - Nil, Disposed - Nil and Pending - Nil.