PONNIERODENSEPonni Sugars (Erode) Limited· SugarHighPositive
Announced Mon, 11 May · 14:39 IST

Ponni Sugars (Erode) Limited has informed the Exchange that Board of Directors at its meeting held on May 11, 2026, recommended Final Dividend of Rs. 5 per equity share.

Corporate Actions View source PDF

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AI summary

Ponni Sugars (Erode) Limited reported strong FY 2025-26 results with total income of Rs. 42,946 lakhs (up 15.6% YoY) and net profit after tax of Rs. 4,803 lakhs, more than doubling from Rs. 1,928 lakhs in the previous year. EPS stands at Rs. 55.85 versus Rs. 22.42 YoY. The Board recommended a final dividend of Rs. 5 per equity share (50% payout on Rs. 10 face value) for FY 2025-26, subject to shareholder approval at the AGM on June 24, 2026. Record date is June 5, 2026, and dividend will be paid by July 1, 2026. The company also recognized Rs. 4,523 lakhs in exceptional items primarily from a favourable APTEL judgment on tariff revision for its co-generation business. Auditors issued an unmodified opinion on the financial statements.

Likely market impact

The company delivered a more than 2x jump in net profit driven by both sugar operations and co-generation segment, with the dividend representing a 50% payout. The exceptional items from the APTEL judgment boosted profits significantly this quarter.