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14 April, 2021 18:25 IST
Ponni Sugars (Erode) standalone net profit falls 92.24% to Rs 6.4 mn in December quarter
Source: IRIS | 05 Feb, 2021, 07.13PM
Rating: NAN / 5 stars.
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   Ponni Sugars (Erode), engaged in the manufacturing of sugar and its by-products, on February 5, reported a 92.24% decline in its standalone net profit to Rs 6.4 million for the quarter-ended December.

The company had posted a net profit of Rs 82.5 million for the corresponding period of the previous fiscal.

Net sales of the company dropped 23.07% to Rs 546.2 million for the quarter compared to Rs 710 million for the same period a year ago.

EBITDA stands at Rs. 21.8 million in December 2020 down 69.93% from Rs. 72.5 million in December 2019.

Total expenses decreased 17.37% to Rs  544.8 million for the quarter compared to Rs  659.3 million for the same period a year ago.

Ponni Sugars (Erode) EPS has decreased to Rs 0.74 in December 2020 from  Rs 9.59 in December 2019.

Shares of the company declined Rs 7.30, or 4.61%, to settle  at  Rs 151.15.  The total volume of shares traded  was  2,630 at  the BSE (Friday).

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