Aniket Pujari
In the corresponding quarter of the previous fiscal, EID Parry India posted a net profit of ₹452.3 crore, the company said in a regulatory filing. The company’s revenue from operations increased 3% to ₹9,330.4 crore as against ₹9,059.5 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA dipped 8.1% to ₹972 crore in the second quarter of this fiscal over ₹1,057 crore in the corresponding period in the previous fiscal.
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EBITDA margin stood at 10.4% in the reporting quarter as compared to 11.7% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
The standalone revenue from operations for the quarter ended September 30, 2024, was ₹755 crore in comparison to the corresponding quarter of the previous year of ₹726 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter ended September 30, 2024, was ₹75 crore in comparison to the corresponding quarter of the previous year of ₹131 crore. The standalone profit after tax for the quarter was ₹28 crore as compared to ₹
86 crore in the corresponding quarter of the previous year.
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The standalone revenue from operations for the half year ended September 30, 2024, was ₹1,506 crore as against ₹1,424 crore in the corresponding period of the previous year.
Earnings before interest, tax, depreciation and amortisation (EBITDA) for the half year ended on September 30, 2024, was ₹46 crore against ₹116 crore in the corresponding period of the previous year. Standalone Loss after tax for the half year was ₹50 crore as compared to a profit of ₹40 crore in the corresponding period of the previous year.
The consolidated sugar operations, including the refinery business, reported a loss before interest and tax (of ₹38 crore for the quarter, compared to a profit of ₹24 crore in the corresponding quarter of the previous year. The farm inputs segment registered a profit before interest and tax (PBIT) of ₹959 crore, down from ₹1,078 crore in the previous year’s corresponding quarter.
Meanwhile, the Nutraceuticals division recorded a loss before interest and tax of ₹5 crore, reversing from a profit of ₹24 crore a year earlier. The Consumer Products Group (CPG) division reported a loss before interest and tax of ₹17 crore, widening from a loss of ₹11 crore in the same quarter last year.
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Shares of EID Parry India Ltd ended at ₹788.05, up by ₹15.30, or 1.98% on the BSE.
