Ponni Sugars announces Rs 7 per share dividend for FY24

Ponni Sugars (Erode) Ltd announced a dividend of ₹7 per equity share of ₹10 each for the fiscal year FY24.

The company has doubled its net profit to ₹14 crore for the quarter ending in March 2024. However, revenue was lower at ₹71 crore (₹99 crore).

For the full year ended March 31, 2024, the company’s net profit grew to ₹47 crore against ₹38 crore in FY23.

Revenue from operations amounted to ₹421 crore (₹435 crore). The revenue generated from the sugar business slightly decreased to ₹397 crore (₹407 crore).


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