Latest news with #EIDParry
Business Standard
28-05-2025
- Business
- Business Standard
EID Parry Q4 PAT rises 30% YoY to Rs 287 cr
EID Parry (India) reported a 30.05% jump in consolidated net profit to Rs 286.52 crore on a 22.57% rise in net sales to Rs 6,811.12 crore in Q4 March 2025, compared to the same period last year. Profit before tax (PBT) surged 92.15% YoY to Rs 734.54 crore during the quarter. Earnings before interest, tax, depreciation, and amortization (EBITDA) (excluding exceptional items of Rs 347 crore) for the quarter ended 31 March 2025 was Rs 626 crore, registering an increase of 8% in comparison to the corresponding quarter of the previous year. On the segmental front, the companys revenue from the sugar business stood at Rs 1,372.89 crore (up 6.79% YoY), distillery came in at Rs 268.19 crore (up 19.8% YoY), consumer products stood at Rs 195.32 crore (up 44.79%), crop protection was at Rs 698.72 crore (up 23.8% YoY), and nutrient and allied business was at Rs 4,320.96 crore (up 28.21% YoY) during the period under review. On the other hand, the firms income from nutraceuticals was at Rs 59.31 crore (down 15.32% YoY), and revenue from cogeneration stood at Rs 57.93 crore (down 25.49% YoY) in Q4 FY25. On a standalone basis, EID Parry posted a net loss of Rs 231.70 crore in Q4 FY25, against a net profit of Rs 80.27 crore in Q4 FY24. Standalone net sales rose 13.54% YoY to Rs 813.67 crore. Segment-wise, the farm inputs division continued to lead performance, recording a profit before interest and tax (PBIT) of Rs 398 crore for the quarter, up 26.35% from Rs 315 crore a year ago. In contrast, the sugar division reported a sharp decline in profitability, with PBIT falling to Rs 26 crore from Rs 164 crore in Q4 FY24. The nutraceuticals division posted a modest profit of Rs 11 crore, compared to Rs 16 crore in the same quarter last year. Meanwhile, the consumer products group (CPG) division widened its loss to Rs 13 crore from Rs 4 crore in the corresponding period last year. Meanwhile, the company noted that its subsidiary, Coromandel International, has declared a final dividend of Rs 6 per share and a special dividend of Rs 3 per share. EID Parry is expected to receive a total income of Rs 148.91 crore from this payout. Furthermore, the board has approved an investment of up to Rs 350 crore in Parry Sugars Refinery India (PSRIPL), its wholly owned subsidiary. The investment, to be made in one or more tranches, is intended to support debt reduction and strengthen the subsidiarys net worth. EID Parry (India) is engaged in sugar, nutraceuticals, and ethanol production. It also has a significant presence in the farm inputs business, including biopesticides, through its subsidiary, Coromandel International. Shares of EID Parry (India) rose 0.95% to Rs 990.45 on the BSE.
Business Upturn
28-05-2025
- Business
- Business Upturn
Stocks to watch today on May 28: ITC, LIC, Goodyear, IRFC, Sonata Software, Vodafone Idea, Balrampur Chini Mills in focus
Indian equity markets are set for an eventful trading session today, with several companies in the spotlight following their Q4 FY24-25 earnings reports, corporate actions, and block deals. Positive earnings and developments A host of companies reported strong YoY growth in net profit and revenue, signaling improving business fundamentals: JK Lakshmi Cement , EID Parry , Black Box , Goodyear India , Triveni , Nuvama , Medplus , Hind Copper , and Supriya Lifescience delivered healthy quarterly numbers. Precision Camshafts posted a sharp jump in net profit to ₹40.44 crore (vs ₹3.34 crore YoY) despite a fall in revenue. NMDC Steel and ITI narrowed their losses YoY, while companies like Bodal Chem , Entero , and Time Technoplast posted robust performance. Stake purchases by institutional investors in PGEL, Borana Weaves, Camlin Fine Sciences, and Cosmo First added to positive sentiment. Corporate actions and strategic updates Balrampur Chini Mills launched Balrampur Bioyug , India's first PLA biopolymer brand. Sonata Software entered into a partnership with Qualtrics to enhance customer experience solutions. Jupiter Wagons' subsidiary signed an MoU with Pickkup to accelerate EV adoption. Neutral updates Large-cap names like LIC , ITC , Bosch , P&G , and Bharti Airtel reported stable or mixed financials. Tata Steel filed a fresh writ in the Delhi High Court seeking compensation related to coal block cancellation. Vodafone Idea will consider a fundraising plan on May 30 amid mounting AGR dues. Colgate, ITC, and Kennametal India are trading ex-dividend today, while Tata Consumer will go ex-dividend tomorrow. Negative earnings A few companies reported weaker quarterly performance: Rico Auto, JTL Industries, Network People Services, Oriental Aromatics, and DCX Systems saw sharp declines in profits YoY. Investors are likely to keep an eye on these stocks for potential price action as Q4 earnings season enters its final leg. Disclaimer: The views and financial data presented in this article are based on publicly available information and do not constitute investment advice. Business Upturn does not recommend buying, selling, or holding any financial instruments. News desk at
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Business Standard
27-05-2025
- Business
- Business Standard
EID Parry Q4 results: Net profit of ₹539 crore, annual income rises
Sugar manufacturer EID Parry (India) Ltd has reported a consolidated profit after tax of Rs 539.44 crore for the quarter ending March 31, 2025. The city-headquartered company registered a profit after tax of Rs 294.30 crore in the same quarter of last financial year. For the year ending March 31, 2025 the net profit went up to Rs 1,772.54 crore, from Rs 1,617.37 crore registered a year ago. The consolidated total income for the quarter ending March 31, 2025 grew to Rs 6,923.56 crore from Rs 5,680.02 crore registered a year ago. For the financial year ending March 31, 2025 the consolidated total income went up to Rs 31,967.79 crore from Rs 29,716.92 crore registered a year ago. Commenting on the financial performance, company's full-time Director and Chief Executive Officer Muthiah Murugappan said the revenues of the sugar segment for the year were at Rs 1,571 crore as against Rs 1,809 crore in the previous year, registering a de-growth of 13 per cent due to lower crushing which led to lower sugar production. The revenue of the distillery segment for the year ending March 31, 2025 was Rs 1,102 crore as against Rs 799 crore recorded in the previous year registering a 38 per cent growth, he said. The consumer products group delivered revenues of Rs 884 crore up by 65 per cent over the previous year at Rs 535 crore added by expanded product portfolio with the launch of Branded Staples, he said.
Business Standard
27-05-2025
- Business
- Business Standard
EID Parry (India) consolidated net profit rises 30.05% in the March 2025 quarter
Sales rise 22.57% to Rs 6811.12 crore Net profit of EID Parry (India) rose 30.05% to Rs 286.52 crore in the quarter ended March 2025 as against Rs 220.31 crore during the previous quarter ended March 2024. Sales rose 22.57% to Rs 6811.12 crore in the quarter ended March 2025 as against Rs 5557.04 crore during the previous quarter ended March 2024. For the full year,net profit declined 2.37% to Rs 878.35 crore in the year ended March 2025 as against Rs 899.67 crore during the previous year ended March 2024. Sales rose 7.46% to Rs 31608.61 crore in the year ended March 2025 as against Rs 29413.11 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 6811.125557.04 23 31608.6129413.11 7 OPM % 7.548.26 - 8.338.80 - PBDT 529.47495.65 7 2620.212596.00 1 PBT 387.77382.28 1 2107.822175.22 -3 NP 286.52220.31 30 878.35899.67 -2
Reuters
27-05-2025
- Business
- Reuters
India's E.I.D.-Parry reports quarterly profit rise, aided by distillery segment
May 27 (Reuters) - Indian sugar maker E.I.D.-Parry ( opens new tab reported a 46% rise in fourth-quarter profit before tax and exceptional items on Tuesday, boosted by strong performance in its distillery segment following recent capacity expansions. The company's profit before tax and exceptional items rose to 1.61 billion rupees ($18.9 million) in the three months ended March 31, from 1.1 billion rupees a year earlier. Revenue from operations increased 13.5% to 8.14 billion rupees. The company posted a 1.7% slide in revenue from its mainstay sugar segment, which was offset by a 19.8% rise in its distillery segment, which produces ethanol. E.I.D.-Parry reported a loss after tax of 2.32 billion rupees due to an exceptional loss of 3.5 billion rupees due to impairment of investment in its subsidiary Parry Sugars Refinery India. For further results highlights, click (Full Story, opens new tab). The company said its sugar segment revenue declined due to lower crushing and production, impacted by reduced cane volume, higher cane costs, and weaker recoveries. Sugar prices failed to keep pace with rising costs, it said. However, the rise in revenue from its distillery segment helped cushion the bottom line, benefiting from improved capacity utilisation following recent expansion. PEER COMPARISON * Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY-MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 85.3740 rupees
