|| Shree Mumba Devi Prasanna ||



Company News


EID Parry post 29% increase in EBIDTA for 2019-20 fiscal year

EID Parry post 29% increase in EBIDTA for 2019-20 fiscal year

India's one of the leading manufacturers of sugar, EID Parry (India) Limited has reported an increase in earnings before depreciation, interest, taxes and exceptional items (EBITDA) by 29% at INR 2016 crore, as compared to INR 1558 crore posted during the 2018-19 financial year.

Share with : Facebook Whatsapp Twitter Linkedin

MUMBAI, 12 June 2020: India's one of the leading manufacturers of sugar, EID Parry (India) Limited has reported an increase in earnings before depreciation, interest, taxes and exceptional items (EBITDA) by 29% at INR 2016 crore, as compared to INR 1558 crore posted during the 2018-19 financial year.

During the 2019-20 financial year, the company's consolidated revenue from operations was INR 17,129 crore, registering an increase of 3 percent against previous year of INR 16,556 crore, while consolidated profit after tax and non-controlling interest was recorded at INR 468 crore, against previous year of INR 53 crore, the company said in a filing to Bombay Stock Exchange (BSE).

Speaking on the yearly results, EID Parry Managing Director S Suresh, "The performance of the Company for the year has improved over last year in spite of muted sugar prices and drop in Karnataka cane volumes. The higher realizations from the distillery segment coupled with the effective cost and cash management by the company have augured well for the company. Overall cane crushed during this year is at 36.72 lakh metric tonnes, as against 37.18 lakh metric tonnes of LY."

Q4 revenue from operations was at INR 4245 crore

The consolidated revenue from operations for the quarter ended 31 March 2020, was at INR 4245 crore, registering an increase of 16 % in comparison to the corresponding quarter of the previous year of INR 3646 crore.

EBITDA for the quarter ended 31 March 2020 was INR 639 crore against the corresponding quarter of the previous year of INR 490 crore, while consolidated profit after tax and non-controlling interest was down to INR 157 crore, as compared to INR 158 crore in the corresponding quarter of the previous year.

During the quarter, the company has exported 45586 MT of sugar as part of the Maximum Admissible Export Quantity quota. The Company has been aggressive in increasing its share in the retail segment through product differentiation while continuing to lead the institutional segments in the southern market, Suresh added.

Standalone EBIDTA down to INR 188 crore

The company's standalone EBITDA from continuing operations for the quarter ended were down at INR 188 crore in comparison to the corresponding quarter of the previous year of INR 224 crore, whereas, standalone profit after tax from continuing operations for the quarter is INR 69 crore, as against corresponding quarter of previous year INR 129 crore.

During Q4, the standalone revenue from continuing operations for the quarter ended 31 March 2020 was recorded at INR 608 crore in comparison to the corresponding quarter of the previous year of INR 563 crore.

The standalone revenue from continuing operations for the year ended 31 March 2020 was at INR 1,875 crore, as against the previous year of INR 1,845 crore and EBITDA from continuing operations for the year ended was at INR 235 crore, as against previous year of INR 205 crore.

Standalone Profit after tax from continuing operations was INR 2 crore, against INR 27 crore in the previous year, while the profit after tax from discontinued operations for the year was Nil as against INR 136 crore in the previous year.

Farm inputs division income flat

From the company's sugar division, it reported an operating profit of Rs.170 Crores from consolidated sugar operations (corresponding quarter of previous year: profit of INR 169 Crores) for the quarter.

The Consolidated Farm Inputs operations reported an operating profit of INR 372 crore, as compared to INR 251 crore posted during the corresponding quarter of the previous year.

Nutraceuticals division reports profit in Q4

Nutraceuticals division for the quarter also reported an operating profit of INR 4 crore, as compared to the corresponding quarter of previous year loss of INR 1 crore).

"The performance of the Nutraceuticals division on a consolidated basis had remained flat over last year due to pricing pressure and intense competition in overseas market. However, on account of better performance in the USA operations, the Nutraceuticals division has reported an increase in revenue from INR 47 crore in Q4 2018-19 to INR 61 crore in the current quarter,” Suresh added.

During the quarter, the company sold two percent stake in Coromandel International Limited at INR 629.19 per share aggregating to a value of INR 368 Crores. The proceeds from the sale will be utilized towards the reduction of debt, the filing added.

Image credit: powerline.net.in


© Copyright 2025 Agriculture Times. All rights reserved. Republication or redistribution of Agriculture Times content, including by framing or similar means, is expressly prohibited without the prior written consent.

Support our venture and help farming commmunity in India. If you want us the work better FUND US. For as little as INR 10, you can support2.jpg the AgriTimes™ and it only takes a minute. Thank you.

Partners