News Details

( As on 23/10/2021 11:40)

Ponni Sugars (Erode) Q2 net profit up 7.79% at Rs 13.01 cr

The company reported standalone net profit of Rs 13.01 crore for the quarter ended September 30, 2021 as compared to Rs 12.07 crore in the same period last year, registering a year-on-year growth of 7.79 per cent.

Net revenue of the company rose moderately by 15.75 per cent at Rs 89.93 crore in July-September quarter of this fiscal as against Rs 77.69 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 12.36 per cent to Rs 75.75 crore from Rs 67.42 crore in year ago period.

Other Income dipped by 30.39 per cent at Rs 2.84 crore versus (Sep'20 Rs 4.08 crore).

Operating Profit surged by 38.07 per cent to Rs 14.18 crore as against Rs 10.27 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.29 per cent in September quarter.

Interest declined by 50.00 per cent y-o-y to Rs 0.06 crore, while Taxation increased by 259.09 per cent at Rs 2.37 crore (Sep'20 Rs 0.66 crore).