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
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 .
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
Shareholders of Parrys Sugar will receive two equity shares of Re 1 each of E.I.D. Parry for every 13 equity shares of Rs 10 each they hold.