Last Updated :
23 October 2009 at 15:50 IST
Ponni Sugars Q2 PAT up 200%, stock zooms
MUMBAI (Commodity Online): Sugar maker and Chennai-based, Ponni Sugars Ltd (BOM: 532460) reported thumping profits for the second quarter ending September 2009.
Company’s net profit for Q2 FY2010 galloped by 235% to Rs.10.40 crore over the same period last year.
Get Trading Tips just for one commodityCompany stocks traded at Rs.109.15 up by close to 9% in the afternoon trading session today, the stock hit the 52-week high for the counter.
The small-cap stock had outperformed the market in the past one quarter, surging 81.43% as compared to the Sensex's return of 13.11%.
Ponni Sugars (Erode)'s total income surged 44.36% to Rs.48.52 crore in Q2 September 2009 over Q2 September 2008. The company declared its results during trading hours today, 23 October 2009.
The company manufactures cane sugar, cane molasses and bagasse. The company operates in a single segment of sugar and its by products.
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