English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    HomeNewsBusinessEarningsEID Parry Q1 results: Sugar maker reports loss of Rs 45 crore

    EID Parry Q1 results: Sugar maker reports loss of Rs 45 crore

    The company's revenue fell 3 percent year-on-year YoY to Rs 710.76 crore in Q1FY24.

    Moneycontrol News
    August 09, 2023 / 15:18 IST
    .

    EID Parry operates in sweetners and nutraceuticals business.

    EID Parry's reported a net loss of Rs 45.77 crore in the April-to-June quarter as compared with a profit of Rs 13.14 crore in same period last year.

    The company's revenue fell 3 percent year-on-year YoY to Rs 710.76 crore in Q1FY24.

    Revenue from the sugar business fell 10 percent YOY to Rs 472.96 crore in the same period. Revenue from co-generation business stood at Rs 18.24 crore in the April-to-June quarter down 70 percent  YoY. The distillery business recorded revenue of Rs 208.64 crore up 66 percent YoY in the same period.

    EID Parry shares were down 1.03 percent at Rs 475 at 15.12 pm on the National Stock Exchange.

    Headquartered in Chennai, EID Parry operates in the sweeteners and nutraceuticals space.

    (This is a developing story, follow for more updates)

     

    Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    1