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“EID Parry – Q1 Result E.I.D. Parry (India) Limited posts higher operational performance Financial Results for the Quarter ended June 30, 2011”

Published on July 27, 2011

Chennai: The turnover of E.I.D. Parry (India) Limited for the quarter ended 30th June, 2011 grew at Rs. 397.13 Crore as compared to Rs. 302.97 Crore in the corresponding quarter of the previous year. The Earnings Before Interest, Depreciation and Taxes (EBIDTA) for the quarter was Rs. 23.78 Crore (PY: Loss of Rs. 26.98 Crore). The Loss After Tax for the quarter was Rs. 7.18 Crore (PY: Loss of Rs. 54.44 Crore).

The consolidated turnover for the quarter ended 30th June, 2011 was Rs. 2,488.93 Crore (Rs. 1,869.97 Crore). The Profit After Tax before Minority Interest for the quarter stood at Rs. 95.50 Crore (Rs. 48.59 Crore).

Sugar Division

During the quarter ended 30th June 2011, Crushing was high at 12.95 lakh tonnes of cane as compared to 5.98 lakh tonnes in the corresponding period of 2010-11, including Subsidiaries cane crushed was at 15.20 lakh tonnes (6.11 lakh tonnes).

During the quarter, sugar production was reported at 1,14,620 MT (78,770 MT). The total sugar production including subsidiaries was at 1,19,216 MT (79,726 MT). The Co-generation and Distillery performance grew by 65% and 80% respectively compared to corresponding quarter of the previous year.

Bio-Products

The Bio-Products Division (comprising of Bio-Pesticides and Nutraceuticals) performed better in Q1 compared to Q1 last year with a profit of Rs. 1.26 Crore compared to Loss of Rs. 0.72 Crore.

Farm Inputs

During the quarter, Farm Inputs Division registered a gross income from operations of Rs. 1,790.11 Crore as against Rs. 1,552.82 crore in the corresponding quarter of the previous year. The Farm Inputs Division reported a profit (PBIT) of Rs. 254.53 Crore for the quarter as compared with Rs. 196.17 Crore in the corresponding quarter of the year 2010-11.