Page 2 - Eid Parry

Sugar stocks in focus; EID Parry hits 52-wk high, Balrampur, Triveni up 5%

EID Parry's stock has zoomed 63 per cent in the past month

EID Parry shuts sugar factory in Tamil Nadu, cites cane availability

Tamil Nadu, Karnataka and Andhra Pradesh are major sugarcane producers but weak monsoon for the past few years has hit production badly

EID Parry's loss from sugar business widens, nutraceutical segment grows

EID Parry, a Murugappa Group company, has seen the losses from sugar business widening to Rs 1.63 billion during the quarter ended June, this year, compared to a Rs 132 million loss during the same period last year due to depressed sugar prices on a higher sugar production. On a consolidated level, the operating loss on sugar operations was at around Rs 1.8 billion compared to Rs 220 million during the same quarter last year, according to the company. However, the nutraceutical business, which the company has been growing in order to address the risks in the Sugar business, has seen a multifold growth in terms of profit and around 10 per cent in terms of segment revenue."The performance of the Company in Q1 2018-19 has been largely impacted due to the depressed sugar prices on account of higher sugar production in the country compared to previous sugar year; The price of sugar has gone down below cost of production due to mismatch in demand and supply position of sugar," said S ...

EID Parry hits 52-week low on disappointing Q4 results

The stock hit 52-week low of Rs 251, down 7%, after the company reported 87% y-o-y drop in consolidated net profit at Rs 405 million in March quarter.

EID Parry uses drip, micro irrigation to sustain sugarcane supply

With the sugarcane production has come down owing to the decline in monsoon in South India, the Murugappa Group company EID Parry is taking up a number of initiatives like cooperative farming, providing resources for drip and micro irrigation besides partnering with the farmers and others that it gets its raw material and sustain the business.More than 90 per cent of the company's revenue comes from the sugar business and the sugarcane availability and sugar prices play a predominant role in determining the profitability of the company.Improved sugarcane availability is important for sustaining and growing the profitability of the sugar business," said the company management in the company's annual report for 2016-17.It has launched a number of initiatives like cooperative farming and providing resources for drip and micro irrigation. Besides, the company is partnering with the farmers in various activities to offer seed, farming technology support, and facilitating training ...

EID Parry Q4 net up 59% at Rs 267 cr

Total income rose 20% to Rs 4,410 cr