EID Parry (India) Ltd News
E.I.D Parry down 4% on posting 32% decline in Q2 profit, margins contract
The sugar manufacturer on Thursday after market hours posted its September quarter results
 "E.I.D Parry down 4% on posting 32% decline in Q2 profit, margins contract")
E.I.D. Parry Q2 results: Net profit declines 24% to Rs 591.66 crore
Sugar manufacturer E.I.D. Parry India Ltd has recorded a consolidated profit after tax for the July-September 2024 quarter at Rs 591.66 crore, the company said. The city-headquartered Murugappa Group company had registered a consolidated profit after tax of Rs 781.85 crore in the corresponding quarter of last financial year. For the six months period ending September 30, 2024, the consolidated profit after tax fell to Rs 817.53 crore from Rs 1,106.75 crore registered year ago. The total income during the quarter under review went up to Rs 9,399.73 crore, from Rs 9,210.31 crore registered in the year ago period. For the half year ending September 30, 2024, the consolidated total income stood at Rs 16,206.71 crore, as against Rs 16,225.58 crore registered during the corresponding period of last financial year. Commenting on the financial performance, company Whole-Time Director and Chief Executive Officer Muthiah Murugappan said, "the standalone profit of sugar segment was lower in
 "E.I.D. Parry Q2 results: Net profit declines 24% to Rs 591.66 crore")
Dwarikesh Sugar, Shree Renuka: Why sugar stocks are buzzing in trade today
Key players in the sector, including Shree Renuka Sugars, Dhampur Sugars, and Balrampur Chini Mills, were among the top gainers.
 "Dwarikesh Sugar, Shree Renuka: Why sugar stocks are buzzing in trade today")
Sugar stocks rally up to 13% as Govt lifts diversion cap for ethanol prod
sugar mills and distilleries can produce ethanol from sugarcane juice/sugar syrup, B-Heavy molasses, as well as C-Heavy molasses, during ESY2024-25 as per their agreements with oil marketing companies
 "Sugar stocks rally up to 13% as Govt lifts diversion cap for ethanol prod")
EID-Parry Q1 results: Net loss widens to Rs 78.59 cr on high inventory cost
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 Q1 results: Net loss widens to Rs 78.59 cr on high inventory cost")
EID Parry stock hits new high; soars 10% on hopes of improved profitability
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.
