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Audited Financial Results for the Quarter ended 31.12.2008



(Rs.Lakhs)

3 months  Ended 31.12.2008 3 Months  Ended 31.12.2007 Description Nine Months Ended 31.12.2008 Nine Months Ended 31.12.2007 Year Ended 31.03.2008
3580 3168 Net Sales 9230 10396 14028
33 40 Other Operating  Income 72 100 317
3613 3208 Total Income 9302 10496 14345
Expenditure:
448 (728) (a)(Increase)/Decrease in stock in trade & work in progress 483 1129 440
1964 3409 (b) Consumption of Materials 5866 8201 11418
223 174 (c) Employee Cost 602 533 740
74 74 (d) Depreciation 219 207 282
403 536 (e) Other Expenditure 1269 1425 1826
3112 3465 (f) Total 8439 11495 14706
Profit from operations before other income, 
501 (257) Interest & Exceptional items 863 (999) (361)
2 (15) Other Income  67 51 56
503 (272) Profit before interest & Exceptional items  930 (948) (305)
53 48 Interest   146 182 112
450 (320) Profit after interest but before Exceptional items  784 (1130) (417)
0 0 Exceptional Items  0 66 108
450 (320) Profit/(Loss) from Ordinary Activites before tax  784 (1064) (309)
162 (105) Tax expense    288 (370) (121)
288 (215) Net Profit/(Loss) for the period  496 (694) (188)
860 820 Paid-up Equity Share Capital 860 820 820
(Face Value : Rs. 10 Per Share) 
Reserves excluding Revaluation Reserves 2685
Earnings Per Share(Rs)
3.35 (2.62) - Basic 5.88 (8.47) (2.29)
3.35 (2.62) - Diluted 5.77 (8.47) (2.29)
Public Shareholding
4725280 4725280 -Number of Equity Share 4725280 4725280 4725280
54.96 57.64 -Percentage of share holding  54.96 57.64 57.64

Notes :
  1. 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. 
  2. There was no extra-ordinary item and results of all the reporting periods are audited.
  3. Number of investor complaints for the quarter :     Beginning - Nil, Received -Nil Disposed  - Nil and Pending - Nil.
  4. The above results were reviewed by the Audit  Committee  and  approved by the Board of Directors at the respective meetings held on 23.01.2009. 
  For Ponni Sugars (Erode) Ltd
Chennai N Ramanathan
23.01.2009 Managing Director