Ponni Sugars (Erode) announced that the Board of Directors of the Company at its meeting held on 29 May 2020, has recommended a Final dividend of Rs.4 per share (i.e.40%), subject to the approval of the shareholders.

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Net profit of Ponni Sugars (Erode) rose 90.78% to Rs 9.10 crore in the quarter ended March 2020 as against Rs 4.77 crore during the previous quarter ended March 2019. Sales declined 23.87% to Rs 63.44 crore in the quarter ended March 2020 as against Rs 83.33 crore during the previous quarter ended March 2019.

For the full year,net profit rose 267.02% to Rs 30.94 crore in the year ended March 2020 as against Rs 8.43 crore during the previous year ended March 2019. Sales rose 67.98% to Rs 310.49 crore in the year ended March 2020 as against Rs 184.84 crore during the previous year ended March 2019.

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Net profit of Ponni Sugars (Erode) reported to Rs 8.25 crore in the quarter ended December 2019 as against net loss of Rs 1.20 crore during the previous quarter ended December 2018. Sales rose 50.87% to Rs 71.00 crore in the quarter ended December 2019 as against Rs 47.06 crore during the previous quarter ended December 2018.

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Ponni Sugars (Erode) will hold a meeting of the Board of Directors of the Company on 31 January 2020.

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