Ponni Sugars - Balance Sheet

Financials

Audited Financial Results for the Quarter Ended 30.06.2010

(Rs.Lakhs)

Description	3 Months Ended 30.06.2010	3 Months Ended 30.06.2009	Year Ended 31.03.2010
Net Sales	5055	4070	24464
Other Operating Income	9	14	108
Total Income	5064	4084	24572
Expenditure
(a) (Increase)/Decrease in stock in trade & work in progress	1008	(664)	(3908)
(b)Consumption of Materials	3789	3103	17514
(c) Employee Cost	245	214	920
(d) Depreciation	76	76	306
(e) Other Expenditure	359	616	2719
(f) Total	5477	3345	17551
Profit from operation before other Income, Interest & Exceptional Items	(413)	739	7021
Other Income	11	1	110
Profit before Interest & Exceptional Items	(402)	740	7131
Interest	62	64	179
Profit after Interest but before Exceptional Items	(464)	676	6952
Exceptional Items	(1411)	0	1411
Profit before Tax	947	676	5541
Tax expense	308	230	1856
Net Profit for the Period	639	446	3685
Paid-Up Equity Share Capital (Face Value Rs.10 per share)	860	860	860
Reserves excluding Revaluation Reserves			7104
Earning Per Share (Rs)
- Basic and Diluted	7.44	5.19	42.86
Public Shareholding
- Number of Equity shares	4675280	4725280	4725280
- Percentage of shareholding	54.37	54.96	54.96
Promoters and Promoter Group Share Holding
a) Pledged / Encumbered	NIL	NIL	NIL
b) Non-Encumbered
Number of Equity Shares	3923138	3873138	3873138
% of total Promoters and
Pomoter Group share Holding	100.00	100.00	100.00
% of Total Share Capital of the company	45.63	45.04	45.04

Notes :

The Company is benefited by Rs. 473 lakhs in respect of past production Oct 09 - Mar 10 consequent upon revised provisional levy sugar prices notified on 21-06-2010. This is recognised during the current quarter in Sales and Inventories as appropriate.
Exceptional items refer to reversal of provision made last year (for diminution in the value of raw sugar import contract) upon completion of imports and adopting appropriate inventory valuation in respect thereof.
Lower cane volume and steep decline in sugar prices significantly impacted the margins for the quater.
The Company is engaged in single segment, viz., Sugar, the production of which is seasonal in nature.
Number of investor complaints for the quarter ended 30-06-2010 Begining - Nil, Received - Nil, Disposed - Nil 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 21-07-2010.