PGP GROUP

Dharani Sugars and Chemicals Limited

Regd.Office :"PGP HOUSE",{Old No.57)New No.59, Sterling Road,Nungambakkam, Chennai - 600 034.Tel. :28311313,28254176, Fax :28232074 ,28232076

Email :commercial@pgpgroup.in, finance@pgpgroup .in, secretarial@pgpgroup .in Website :www.dharanisugars.in

CIN No.:L15421TN1987PLC014454 TIN No.: 33061502443 CST No.:818529/19.11.87

DSCLResults Reg-33 2017 29.05.2017

BSE Ltd

Corporate Relationship Department, First Floor,New Trading Ring,Rotunda Building,P JTowers,

Dalal Str'eet,Fort,Mumbai 400 001

Dear Sir,

National Stock Exchange of India Limited Exchange Plaza,5th Floor

Plot No.C/1G Block Bandra - Kurla Complex Bandra East,

Mumbai 400 051

Sub: Audited Financial Results for theQuarter and year ended31•1March 2017.

In accordance with Regulation 33 read with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,2015, the following items were discussed and approved in the Meeting of the Board of Directors held on 29thMay 2017.·

  1. Audited Financial Results for the Quarter and Year ended 3151March 2017 along with segment wise report.

  2. Reconciliation between FinancialResults Reported underIndian GAAP and Ind AS.

  1. Statement ofAssets & Liabilities

  2. Independent AuditorsReport.

The Companyhasadopted IndAS from 01.04.2016.

TheMeetingof the Board of Directorsof the Company commenced at 6.30 p.m.and concluded at

10.40 p.m.

Thisabove Resultsare also available at the websiteof the Company (www.dhar anisugar s.in)and at thewebsites of the Stock Exchanges where the equity sharesof the Company are listed: BSE Limited (www.bseindia.com) and NationalStock Exchange of India Limited(www.nsei ndia .com).

This is for your information and record. Thanking You,

Yoursfaithfully,

for Dharani Sugarsand Chemicals Limited

Company Secretary Encl.:as above

Dharani Nagar,Vasudevanallur, Tirunelveli District -627 760

Ph: (04636) 241370/371/372

Fax :(04636) 241578

Email :dharani1@dharanisugars-pgp.com

Karaipoondi Village,Polur, Tiruvannamalai District -606 803.

Ph :(04181) 223161,223162,223170

Fax :(04181) 223330

Email :dharani2@dharanisugars-pgp.com

Kalayanallur Village, Thiyagadurugam, Pallangacherry Post, Kallakurichi Via, Villupuram District -606 206

Mobile :94422 56138

Email :dharani3@dharanisugars-pgp.com

Dharani Sugarsand ChemicalsLimited

Regd. Office: "PGPHouse", No.57Sterling Road, Nungambakkam,Chennai 600 034 Tel.No.91-44-28311313, Fax No.091-44-28232074, CIN- L15421TN1987PLC0014454

Email:secretarial@dharanisu2ars-pgp.com,Website:www.dharanisu2ars.in

AUDITED FINANCIALRESULTS FOR THE QUARTER& YEAR ENDED31st MARCH 2017

S. No

Particulars

Quarter Ended

Year Ended

31.03.2017

31.12.2016

31.03.2016

31.03.2017

31.03.2016

Audited

Unaudited

Aud ited

Audited

1

Income from Operations

Rs in Lakhs

a.Net Sales /Incomefrom Operations (Inclusive of excise duty)

17507.02

13325.52

10450.16

5)295.48

37840.74

b.Other OperatingIncome

0.00

0.00

0.00

0.00

0.00

Total Incomefrom Operation (net)

17507.02

13325.52

10450.16

53295.48

37840.74

2

Expenses

a.Costof Materials consumed

16848.60

5657.97

13985.62

37620.1 5

28285.88

b.Purchase ofStock intrade

-

-

-

-

-

c. Changes ininventories offinishedgoods,work inprogress and stockintrade

(6418.46)

4854.85

(12489.22)

(88.66)

(1969.00)

d. Finance Costs

1768.27

1790.46

1478.36

7525.30

6782.79

d. Employee Benefit expenses

636.07

605.47

563.20

2435.21

2292.68

e.Depreciationand amortisationexpenses

574.45

570.76

578.80

2287.60

2300.21

f. Other Expenses

1615.21

1600.67

2010.48

5477.02

4756.92

TotalExpenses

15024.14

15080.18

6127.24

55256.62

42449.48

3

Profit/(Loss)fromOperations beforeOther Income&Exceptional Items (1-2)

2482.88

(1754.66)

4322.92

(1%1.14)

(4608.74)

4

Other Income

322.68

24.01

286.27

398.60

337.85

5

Profit/(Loss)from ordinaryactivities before ExceptionalItems (3+4)

2805.56

( 1730.65)

4609.19

(1562.54)

(4270.89)

6

Exceptionalitems

-

2.09

2.82

7.71

1 1 .25

7

Profit/(Loss)from Ordinary activities before tax (5+6)

2805.56

(1728.56)

4612.01

(1554.83)

(4259.64)

8

TaxExpensc(including Deferred Tax)

( I003.34)

2 16.27

(718.42)

( 187.02)

3060.30

9

NetProfit/(Loss)from Ordinary activities afler

Tax (7-8)

1802.22

( 1512.29)

3893.59

(1741.85)

(1199.34)

10

Extraordinary Items (net oftax expenses)

.

-

-

.

.

11

NetProfit/(Loss)for the period (9-10)

1802.22

(1512.29)

3893.59

(1741.85)

(1199.34)

12

Paid-up Equity Share Capital

(Face Value of the Share is Rs.I0/-each)

3320.00

3.320.00

2938.98

3320.00

2938.98

13

Reserves excludi ng revaluation Reserves as per Balance Sheetof previous accountingyear

-

.

.

13898.18

15410.52

14 (i)

Earningsper share ofRs.I0/-each(EPS)

beforeExtraordinary Items(notannualized)

a. Basic

5.43

(4.56)

13.25

(5.25)

(4.08)

b. Diluted

5.43

(4.59)

13.25

(5.48)

(4.08)

(ii)

Earningspershare ofRs. I0/-each(EPS)afterExtraordinaryItems (not annualized)

a. Basic

5.43

(4.56)

13.25

(5.25)

(4.08)

b. Diluted

5.43

(4.59)

13.25

(5.48)

(4.08)

Notes

The aboveisanextract of thedetailed format of QuarterlyFinancialResults filed withthe Stock exchanges underRegulation 33 of SEBI(Listing Obligations andDisclosureRequirements) Regulations, 2015.The full format ofthe Quarterly Financial Results are availableon theStock Exchange websites: www.nseindiacomand www.bseindiacom andCompany'swebsitewww.dharanisugars.in

2The Audit Committee and the Boardof theCompany have decidedfor theearly adoptionof the Indian AccountingStandards ( IndAS) for thequarter and year ended3 Ist March 2017.

3

The Companyhad adoptedIndian Accounting Standards(Ind AS) forthe fourthquarter and year ended 31stMarch 2017 and accordingly theabovefinancialresults havebeen preparedin accordance with therecognition and measurement principles

laiddown in IND AS asprescribed under Section 133 of Companies Act,2013 read withthe Companies (Indian Accounting Standards)Rules 2015,asamended. Financialresultsfor all the periodspresented have beenprepared in accordance withthe recognitionand measurementprinciples oflndAS. The Companyhad considered the date of transit ionas IstApril2015.

  1. TheInd AS complaint results, pertaining to the previous periods of the previous years as applicable, have not beensubjected to limitedreview or audit.However,the management has exercisednecessary due diligence to ensurethat the financial resultsprovide a true and fair view.

  2. Thefinancial statementsandresults forthe previousquarters endedJune'16,September'16 andDecember '16 had beenpreparedbasedon Indian GAAP. Consequent,to theearlyadoption ofInd AS fromthe last quarter and for the financialyear ending 31st March 2017,disclosure for thepreviou squarter endingJ une' 16,September'l 6 andDecembeer'16 have been disclosed as perInd AS withreconciliation under Indian GAAPfiguresas earlierreported. The reconciliation of Net Profit as previously reported underIndian GAAP and the"Ind AS" for the quarter endedJune'16, September'16, December '16 and year ended 3151March'17 isalso rovided aspart ofthe results.

  3. The above resultsforthe quarter ended andyear endedMarch31 ,2017havebeen auditedby the statutoryauditors, reviewed bythe Audit Committee andap rovedby the Board of Directorsin their meeting held on29th May 2017.

  4. The figures forthe quarter ended March 3 I,201 7 and March 31, 2016 are thebalancing figures between audited figuresof

    the full financial yearand the publishedyear-to-datefigures up to thethird quarter of therelevant financial year, subject to theadoption of Ind AS for the year.

    SRINIVASAN&SHANKAR(By order of theBoard)

    for Dbarani Sugars and ChemicalsLimited Dr Palani G Periasamy Eualtive Chairman DIN: 00081002

    Dharani Sugars and Chemicals limited

    Regd.Office: "PGP House", No.57 Sterling Road,Nungambakkam ,Chennai600 034

    Segment Reporting underRegulation 33 of the SEBI (LODR) Regulations 2015 for the Quarter &Year ended 31st March 2017

    QuarterEnded YearEnded

    Particulars31.03.2017 31.12.2016 31.03.2016 31.03.2017 31.03.2016

    AuditedUnaudited Audited Audited

    Rs in Lakhs

    1(Gross Sales/ Income from each Segment) a.Suga r

    15473.85

    12308.41

    8252.16

    47784.93

    30321.09

    b.Distillery

    2187.77

    1212.40

    1386.13

    7447.79

    5989.58

    c.Power

    2689.33

    788.89

    3533.66

    5472.0Q

    7621.51

    d.Unallocated

    92.97

    109.10

    215.09

    479.00

    572.05

    Total

    20804.60

    14418.8

    13387.04

    61183.72

    44504.23

    Less:Inter SegmentRevenue

    3297.58

    1093.28

    2936.88

    7888.24

    6663.49

    Gross Sales/Income from Operations

    17507.02

    13325.52

    10450.16

    53295.48

    37840.74

    2 Segment Results

    {Profit/(Loss) before tax and Interest from each segment)

    a.Sugar 2949.27(396.18) 3419.58 2465.52 {1887.58)

    b.Distillery 539.49 348.56722.52 1954.40 1418.43

    c.Power1016.67 141.84 1972.35 1477.612888.53

    d.Unallocated 68.40 (34.41)(26.90) 65.2392.52

    Total 4,573.83 59.81 6087.55 5,962.76 2511.9

    Less:

    i.lnterest1768.271790.461478.36 7525.30 6782.79

    ii.Other Un-allocable expenditu renet off - --- -

    i ii.U nallocableIncome -2.09 2.827.71 11.25

    Total Profit/(Loss) Before Tax 2805.56 (1728.56) 4612.01(1554.83) (4259.64)

  5. Segment Assets

    a.Sugar56980.0541675.51 58299.8156980.05 58299.81

    b.Distillery 18697.6814487.8518389.38 18697.6818389.38

    c.Power 19337.2114312.26 19291.92 19337.21 19291.92

    d.Unallocated2234.49 2237.93 2239.72 2234.492239.72

    Total97249.4372713.55 98220.83 97249.43 98220.83

  6. Segment liabilities

  7. a.Suga r

    37003.11

    32929.59

    30234.84

    37003.11

    b.Distillery

    2940.40

    3637.74

    2639.65

    2940.40

    c.Power

    7685.30

    6475.61

    6283.97

    7685.30

    30234.84

    2639.65

    6283.97

    d.Unallocated -----

    Total 47628.81 43042.94 39158.46 47628.81 39158.46

    SRINIVASAN &SHANKAR

    Chartered Accountant

    Firm No.0050935

    per R. MANIKANDAN,

    Partner

    Membership No:216063 Place :Chennai

    Date 29.05.2017

    (By order of the Board)for Dharani Sugars and ChemicalsLimited

    Executive Chairman

Dharani Sugars & Chemicals Ltd. published this content on 29 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 June 2017 09:03:27 UTC.

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