Ponni Sugars not sweet
By
Ruma Dubey
about 7 years ago
![No Image](https://images.sptulsian.com/articles/Ponni-Sugars-not-sweet.jpg)
Ponni Sugars has turned bitter after its dismal performance for Q1FY18. The stock slipped over 5% to Rs.181 levels today. Its 52-week low stands at Rs.174.10.
The company reported a big 59% (YoY) fall in net profit at Rs.3 crore on a 29% fall in revenue at Rs.41 crore.
It has not been having a good run as it had ended Q4FY17 too with a net loss at Rs.1.37 crore.
The small-cap company has equity capital of Rs 8.60 crore. Face value per share is Rs.10
3rd Aug 2017 at 04:58 pm