Consolidated Q4 PAT is reported by EID Parry India at Rs 294.30 crore.

The combined total income for the fiscal year that ended on March 31, 2024, dropped from Rs 35,283.02 crore to Rs 29,716.92 crore.

According to the firm, EID Parry India Ltd. reported a consolidated profit after tax of Rs. 294.30 crore for the quarter ending in March 20, 2024.In the same quarter of the previous year, the city-based sugar mill reported a combined PAT of Rs 286.90 crore.

Speaking about the financial performance, Managing Director S Suresh stated that due to a shift in the distellery’s product mix, higher cane costs, lower cane recovery, and no exports, the standalone sugar division’s operating performance was worse this year than it was the year before. Consolidated Q4 PAT is reported by EID Parry India at Rs 294.30 crore.
The combined total income for the fiscal year that ended on March 31, 2024, dropped from Rs 35,283.02 crore to Rs 29,716.92 crore.

According to the firm, EID Parry India Ltd. reported a consolidated profit after tax of Rs. 294.30 crore for the quarter ending in March 20, 2024.In the same quarter of the previous year, the city-based sugar mill reported a combined PAT of Rs 286.90 crore.

Speaking about the financial performance, Managing Director S Suresh stated that due to a shift in the distellery’s product mix, higher cane costs, lower cane recovery, and no exports, the standalone sugar division’s operating performance was worse this year than it was the year before. During the January–March 2024 quarter, consolidated sugar operations reported an operational profit of Rs 161 crore, compared to Rs 176 crore during the same time the previous year.

The farm inputs division reported an operating profit of Rs 315 crore for the reviewed quarter, compared to Rs 432 crore for the same time in the previous fiscal year.

In the January–March 2024 quarter, the Nutraceuticals business recorded an operating profit of Rs 16 crore, compared to a net loss of Rs 54 crore in the same quarter of the previous fiscal year.

According to Suresh, the 165 KLPD expansion distilleries in Haliyal, Karnataka, and Nellikuppam, near Cuddalore, Tamil Nadu, have reached a higher level of completion and would be operational by Q1 FY2024–2025. In addition, the company entered the staples market in Q4 of FY2023–2024. Due to restrictions on sales to Europe due to certification concerns, the nutraceuticals segment experienced a loss throughout the year.

He did, however, add that it is anticipated that these certification-related problems would be fixed soon.

About us parry india ltd.

Sweetness and Nutraceuticals are the businesses that E.I.D. – Parry (India) Limited (E.I.D. Parry) is a listed company that operates in. The company, which has its headquarters in Chennai, India’s historic “Dare House,” is a member of the INR 742 billion Murugappa Group, one of the country’s largest corporate giants.

“Parry” has been a household name for more than 225 years, having been founded in 1788. In addition to being the first company in India to establish a sugar mill at Nellikuppam in 1842, the Company is still breaking new ground in each of its business ventures.

E.I.D. Parry’s seven sugar facilities are located throughout South India, making it one of the top producers of sugar in India. These cutting-edge facilities include a 40,300 TCD total sugarcane crushing capacity, 140 MW of cogeneration capacity, and a distillery capacity.

Nellikuppam, Pugalur, and Sivaganga in Tamil Nadu; Sankili in Andhra Pradesh; and Bagalkot, Haliyal, and Ramdurg in Karnataka are the locations of the 598 KLPD across units.

In the field of nutraceuticals, E.I.D. Parry is a global pioneer and leader in the production of organic spirulina and microalgal products. With three significant international certifications, “Parrys Spirulina” is available for purchase in over 41 nations worldwide. The highly specialized manufacturing facilities for the production of microalgae used by the Nutraceuticals company are situated in Tamil Nadu’s Oonaiyur and Saveripuram..

Through its subsidiary Coromandel International Limited, the Company continues to maintain a substantial involvement in the farm inputs industry

Account opning link:

1. Groww Account- https://app.groww.in/v3cO/kyrp1zph
2. Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906