EID Parry's March Quarter Net Profit Jumps 30%, Full-Year Profit Dips 2.4%

EID Parry (India) Ltd’s consolidated net profit for the March quarter rose 30.1% on year to ₹2.87 billion, while revenue from operations climbed 22.6% to ₹68.11 billion. Sequentially, net profit increased 47%, but revenue fell 21.9%.

Other income fell to ₹1.12 billion from ₹1.23 billion a year ago. Total expenditure, including finance costs, rose to ₹65.19 billion from ₹52.87 billion. Finance cost increased to ₹964 million from ₹863 million a year ago.

The company reported a one-time gain of ₹3.47 billion during the quarter. Tax outgo for the March quarter was ₹1.95 billion, compared with ₹880 million a year ago.

For 2024-25, net profit slipped 2.4% to ₹8.78 billion, while revenue rose 7.5% to ₹316.09 billion.

The board approved an investment of up to ₹3.50 billion in wholly owned subsidiary Parry Sugars Refinery India Pvt. Ltd., to be made in one or more tranches.