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PONNIERODE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ponni Sugars reported strong full-year performance with revenue from operations growing 15.5% to Rs. 41,499 Lakhs (FY25: Rs. 35,946 Lakhs). Net profit after tax surged 149% to Rs. 4,803 Lakhs (FY25: Rs. 1,928 Lakhs), driven by an exceptional gain of Rs. 5,164 Lakhs from an APTEL judgment awarding additional tariff and carrying cost. The Q4 quarter alone saw PAT of Rs. 2,668 Lakhs vs Rs. 453 Lakhs in Q4 FY25. The company also reversed MAT credit of Rs. 2,053 Lakhs and made additional tax provisions due to a transfer pricing dispute with tax authorities. An unmodified auditor opinion was issued with emphasis of matter on both the APTEL tariff matter and tax dispute. The board recommended dividend of Rs. 5 per share.
The stock should see positive reaction given the 149% PAT growth and one-time exceptional gains from the APTEL judgment. However, the transfer pricing tax dispute creates some uncertainty around future tax liabilities. The dividend provides additional shareholder returns.