Business EconomyPosted at: Aug 14 2024 6:28PM


EID Parry's reports Rs 6,747 cr consolidated revenue from operations in Q1

Chennai, Aug 14 (UNI) EID Parry (India) Limited, one of the largest manufacturers of Sugar in
India, on Wednesday announced that its consolidated revenue from operations for the quarter
ended June 30, 2024, was Rs. 6,747 crore.
It was a decrease of 4% in comparison to the corresponding quarter of previous year of
Rs. 7,026 crore.
Earnings before depreciation, interest and taxes (EBITDA) for the quarter was Rs. 528 Crore
registering a decrease of 19% in comparison to the corresponding quarter of previous year profit
of Rs. 652 Crore (before exceptional items).
It said the Consolidated profit after tax and non-controlling interest was Rs. 225 Crore compared
to Rs. 325 Crore in the corresponding quarter of previous year.
The Standalone revenue from operations for the quarter ended 30th June 2024 was Rs. 751 Crore
in comparison to the corresponding quarter of previous year of Rs. 698 Crore, a company release said.
Loss before depreciation, interest and taxes (EBITDA) for the quarter was Rs. 29 Crore compared
to a loss of Rs. 15 Crore in corresponding quarter of the previous year (before exceptional item). Standalone loss after tax for the quarter was Rs. 79 Crore as against a profit of Rs. 46 Crore in corresponding quarter of previous year.
The Consolidated Sugar operations reported an operating loss of Rs. 54 Crore (corresponding quarter of previous year: loss of Rs. 111 Crore) for the quarter.
The Consolidated Farm Inputs operations reported an operating profit of Rs. 495 Crore (corresponding quarter of previous year: profit of Rs. 727 Crore) for the quarter.
The Consolidated Nutraceuticals Division registered a Profit before Interest and Tax of Rs. one Crore
(corresponding quarter of previous year: loss of Rs. 14 Crore) for the quarter.
Mr. Muthiah Murugappan, Whole‐time Director and Chief Executive Officer said the standalone loss of sugar segment was higher in Q1 2024-25 as compared to corresponding quarter of previous year on account, lower cane volumes, higher cane cost, lower recovery from cane and change in product mix in distillery on account of change in Government Policy.
Overall cane crushed reduced to 1.93 LMT in the current quarter as compared to 4.01 LMT in
corresponding quarter of the previous year.
The Consumer Products Group achieved a turnover of Rs 216 cores for the current quarter registering growth of 67% over the corresponding quarter of the previous year, on the back of the launch of its Branded Staples range of products. The Branded Sweetener range also delivered a steady performance and grew by 22% over the corresponding quarter of the previous year.
The distillery segment revenues are increased, as the Haliyal 120 KLPD distillery has become
operational during the quarter. The overall distillery volumes are increased by 47 LL compared to
corresponding quarter of the previous year.
The Standalone Nutraceuticals segment revenue has grown by 79% in the current quarter compared to the corresponding quarter of the previous year.
UNI GV 1825
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Tags: #EID Parry's reports Rs 6#747 cr consolidated revenue from operations in Q1
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