EID Parry profit more than doubles to ₹169 cr.
The Hindu
EID Parry India Ltd, one of the largest manufacturers of sugar, has reported an 145% increase in its standalone net profit for the fourth quarter ended March to ₹169 crore owing to better realisation
EID Parry India Ltd, one of the largest manufacturers of sugar, has reported an 145% increase in its standalone net profit for the fourth quarter ended March to ₹169 crore owing to better realisation from sugar and distillery, higher export volumes and various cost-control measures. Revenue from operations contracted to ₹564 crore from ₹608 crore. Revenue from sugar stood at ₹412 crore, followed by distillery at ₹94 crore and co-generation ₹70 crore. The result also included an exceptional item of ₹14 crore towards impairment and dismantling charges. The company exported 41,037 tonnes of sugar as part of the Maximum Admissible Export Quantity quota, it said in a filing.
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