Ponni Sugars not sweet

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