EID Parry

The sugar manufacturer on Thursday after market hours posted its September quarter results

Key players in the sector, including Shree Renuka Sugars, Dhampur Sugars, and Balrampur Chini Mills, were among the top gainers.

The company reported a loss of Rs 78.59 crore ($9.4 million) in the April-June quarter, compared to a loss of Rs 45.77 crore a year ago

EID Parry in its FY24 annual report said, operating profitability is expected to improve in FY25 and would remain rangebound, due to better profitability from sugar business.

E.I.D. Parry India Ltd has reported a consolidated profit after tax for the January-March 2024 quarter at Rs 294.30 crore, the company said. The city-based sugar manufacturer had registered a consolidated PAT at Rs 286.90 crore during the corresponding quarter of last year. Commenting on the financial performance, Managing Director S Suresh said, "the operating performance of the standalone sugar division was lower during the year as compared to the previous year on account of nil exports, higher cane cost, lower recovery from cane and change in product mix in distellery on account of change in Government policy." The overall cane crush marginally reduced during the year from 51.81 LMT metric tonne to 50.09 LMT and sugar sales reduced from 5.20 LMT (lakh metric tonne) to 4.64 LMT, he said. For the financial year ending March 31, 2024 the consolidated profit after tax fell to Rs 1,617.57 crore, from Rs 1,827.74 crore registered a year ago. The consolidated total income during the .

The company reported a loss after tax of Rs 13.59 crore ($1.64 million) in the quarter ended Dec. 31, compared to a profit after tax of Rs15.78 crore a year ago

Analysts expect lower output to keep sugar prices elevated at least for the next year, driving gains for the sector

Sugar manufacturer EID Parry (India) Ltd has reported a decline in its consolidated profit after tax for the April-June 2023 quarter at Rs 324.90 crore due to reduction in export volume, the company said on Wednesday. The company, part of the diversified conglomerate Murugappa Group, had registered a consolidated PAT at Rs 494.19 crore during the corresponding period of last year. For the year ending March 31, 2023, the consolidated profit after tax was at Rs 1,827.74 crore. The consolidated total income during the April-June 2023 quarter slipped to Rs 7,015.27 crore, from Rs 7,206.14 crore registered in the same period of last year. For the full year ending March 31, 2023, the consolidated total income was at Rs 35,283.02 crore. The sugar division reported an operating loss of Rs 129 crore as compared to a loss of Rs 9 crore reported in the same period of last year. The farm inputs division reported an operating profit of Rs 727 crore as against Rs 689 crore registered in the sa

Stocks to watch on June 1, 2023: From Coal India to Mankind Pharma, here are top stocks to watch in Thursday's trading session

Sugar manufacturer EID Parry (India) Ltd reported a consolidated profit after tax for the quarter ending March 31, 2023 at Rs 286.90 crore, the company said on Wednesday. The company, which is a part of city-based Murugappa Group, had registered consolidated profit after tax (PAT) at Rs 428.96 crore in the corresponding quarter of previous year. For the year ending March 31, 2023, the consolidated profit after tax grew to Rs 1,827.74 crore from Rs 1,573.70 crore registered a year ago. The consolidated total income during the quarter under review surged to Rs 6,865.28 crore from Rs 5,756.35 crore registered in the same period for the previous year. For the year ending March 31, 2023 the consolidated total income went up to Rs 35,283.02 crore from Rs 23,743.798 crore registered a year ago. The sugar division reported a consolidated operating profit at Rs 176 crore, while the corresponding quarter of previous year's profit was at Rs 194 crore for the quarter. The farm inputs divisio

Among individual stocks, Shree Renuka Sugars, Ugar Sugar and EID Parry have zoomed up to 169 per cent so far in 2022. Charts indicate further upside for these select stocks.

Tight global demand-supply situation, favourable government policies and continuous push for higher blending will keep the inventory levels under control and sugar prices firm

According to ICRA, sugar companies are expected to strengthen in FY2022 with expansion in operating profits in addition to sugar inventory reduction and hence curtailment of working capital debt.

The recovery officer of Debt Recovery Tribunal (DRT) on Tuesday offloaded shares worth Rs 50 lakh of McDowell Holdings Ltd through an open market transaction

Triveni Engineering hit a record high of Rs 198 as the scrip rallied 18 per cent today, taking its gains to 31 per cent in the past two trading days

Ethanol is expected to be a key driver for the sugar industry, going ahead

Standalone revenue flat at Rs 439 cr, consolidated up 15%

Around 6.51 million equity shares, representing 2.2 per cent of total equity of Coromandel International, changed hands via block deal on the BSE at open

Revenue from operations for the quarter grew 20% to Rs 529 crore from Rs 440 crore a year ago

Better realisation, aggressive cost cutting drive numbers; Lockdown impact minimal as sugar industry could operate under essential category