Ponni Sugars (Erode) posts Q1 net profit of Rs 0.50 cr
23/07/2019 15:30
The company reported standalone net profit during the quarter stood at Rs 0.50 crore compared to net loss of Rs 1.65 crore in the previous year quarter.

Net revenue of the company rose two fold by 234.80 per cent at Rs 67.53 crore in April-June quarter of this fiscal as against Rs 20.17 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 209.03 per cent to Rs 64.31 crore from Rs 20.81 crore in year ago period.

Other Income dipped by 77.78 per cent at Rs 0.04 crore versus (Jun'18 Rs 0.18 crore).

Operating Profit surged by 603.13 per cent to Rs 3.22 crore as against Rs -0.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 250.47 per cent in June quarter.

Interest grew by 148.72 per cent y-o-y to Rs 0.97 crore, while Taxation increased by 144.12 per cent at Rs 0.30 crore (Jun'18 Rs -0.68 crore).