Ponni Sugars (Erode) said its net loss for the quarter ended December 2015 has narrowed to Rs 11.80. During the quarter, the in the same quarter previous year.
Revenues for the quarter rose 30.39% to Rs 408.90 million, compared with Rs 314 million for the prior year period.
Operating margin for the quarter stood at negative 1.47 percent as compared to a negative 25.35 percent for the previous year period. Operating loss for the quarter was Rs 6.00 million, compared with an operating loss of Rs 79.50 million in the previous year period.
Earnings per share stood negative at Rs 1.37 compared with negative Rs 6.92 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 15 | Dec - 14 | %Change |
| Revenues | 408.90 | 313.60 | 30.39 |
| Net Profit | (11.80) | (59.50) | - |
| Diluted EPS | (1.37) | (6.92) | - |
Shares of the company declined Rs 16.8, or 9.45%, to settle at Rs 161.00. The total volume of shares traded was 2,147 at the BSE (Friday).
