EID Parry Reports Mixed Financial Performance in Q1 2024

EID Parry India Ltd posted a consolidated profit after tax of Rs 225.87 crore for the April-June 2024 quarter, down from Rs 324.90 crore a year earlier. The company's sugar operations faced losses, but other divisions showed profits. The financial year's total income was Rs 29,716.92 crore.

Sugar manufacturer EID Parry India Ltd has reported a mixed financial performance for the April-June 2024 quarter, with a consolidated profit after tax of Rs 225.87 crore, a decline from Rs 324.90 crore during the same period last year.

For the financial year ending March 31, 2024, the company recorded a consolidated PAT of Rs 1,617.57 crore, while its total income stood at Rs 29,716.92 crore.

The Murugappa Group company reported an operating loss of Rs 54 crore in its sugar operations, down from a loss of Rs 111 crore in the same quarter the previous year. Other divisions, including farm inputs and nutraceuticals, posted operating profits. The consumer products group division experienced a notable turnover, driven by new product launches.

(With inputs from agencies.)