Conference Call with EID Parry (India) Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Food Products company EID Parry (India) announced Q1FY25 results: Consolidated Performance: Revenue from Operations: Rs 6,747 crore, reflecting a 4% decrease compared to Rs 7,026 crore in the same quarter of the previous year. Earnings Before Depreciation, Interest, and Taxes (EBITDA): Rs 528 crore, a decrease of 19% compared to Rs 652 crore in the corresponding quarter of the previous year (before exceptional items). Consolidated Profit After Tax and Non-Controlling Interest: Rs 225 crore, down from Rs 325 crore in the corresponding quarter of the previous year. Standalone Performance: Revenue from Operations: Rs 751 crore, up from Rs 698 crore in the corresponding quarter of the previous year. Loss Before Depreciation, Interest, and Taxes (EBITDA): Rs 29 crore loss, widening from a Rs 15 crore loss in the same quarter last year (before exceptional items). Standalone Loss After Tax: Rs 79 crore loss, compared to a profit of Rs 46 crore in the corresponding quarter of the previous year. Result PDF
Conference Call with EID Parry (India) Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Food Products company EID Parry (India) announced Q4FY24 & FY24 results: Consolidated Q4FY24 Financial Highlights: Consolidated revenue from operations: Rs 5,557 crore for the quarter ended March 31, 2024, marking a 19% decrease from the corresponding quarter of the previous year, which was Rs 6,860 crore. Earnings before depreciation, interest, taxes, and exceptional items (EBITDA): Rs 582 crore for the quarter ended March 31, 2024, compared to Rs 620 crore in the corresponding quarter of the previous year. Consolidated profit after tax: Rs 294 crore for the quarter ended March 31, 2024, compared to Rs 287 crore in the corresponding quarter of the previous year. Consolidated FY24 Financial Highlights: Consolidated revenue from operations: Rs 29,413 crore for the year ended March 31, 2024, indicating a 17% decrease from the previous year, which was Rs 35,244 crore. Earnings before depreciation, interest, taxes, and exceptional items (EBITDA): Rs 2,891 crore for the year ended March 31, 2024, reflecting a 10% decrease from the previous year, which was Rs 3,195 crore. Consolidated profit after tax: Rs 1,618 crore for the year ended March 31, 2024, compared to Rs 1,828 crore in the previous year. Standalone Q4FY24 Financial Highlights: Standalone revenue: Rs 717 crore for the quarter ended March 31, 2024, compared to Rs 807 crore in the corresponding quarter of the previous year. Earnings before depreciation, interest, taxes, and exceptional items (EBITDA): Rs 166 crore for the quarter ended March 31, 2024, compared to Rs 327 crore in the corresponding quarter of the previous year. Standalone profit after tax: Rs 80 crore for the quarter ended March 31, 2024, compared to Rs 83 crore in the corresponding quarter of the previous year. Standalone FY24 Financial Highlights: Standalone revenue from operations: Rs 2,809 crore for the year ended March 31, 2024, compared to Rs 2,895 crore in the previous year. Earnings before depreciation, interest, taxes, and exceptional items (EBITDA): Rs 307 crore for the year ended March 31, 2024, compared to Rs 527 crore in the previous year. Standalone Profit after tax: Rs 107 crore for the year ended March 31, 2024, compared to Rs 197 crore in the previous year. Exceptional Items FY24: The profit after tax for the year ended March 31, 2023, included a net exceptional loss of Rs 111 crore, comprising a provision for impairment of investment in subsidiaries/joint venture of Rs 155 crore and a gain of Rs 44 crore from the sale of properties relating to Puducherry and Pettavaithalai factories. Result PDF
Sugar company EID Parry (India) announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24: Consolidated revenue from operations: Rs 7,770 crore Consolidated EBITDA (before exceptional items): Rs 453 crore Consolidated profit after tax: Rs 217 crore Consolidated 9MFY24: Consolidated revenue from operations: Rs 23,856 crore Consolidated EBITDA (before exceptional items): Rs 2,310 crore Consolidated profit after tax: Rs 1,323 crore Standalone Q3FY24: Revenue from operations: Rs 668 crore EBITDA (before exceptional items): Rs 24 crore Profit/Loss after tax: Loss of Rs 14 crore Standalone 9MFY24: Revenue from operations: Rs 2,092 crore EBITDA (before exceptional items): Rs 140 crore Profit after tax: Rs 27 crore Segemental Performance: Sugar operations: Loss before Interest and Tax: Rs 4 crore Comparison with previous year: Loss of Rs 13 crore Farm Input operations: Profit before Interest and Tax: Rs 336 crore Comparison with previous year: Profit of Rs 778 crore Nutraceuticals Division: Loss before Interest and Tax: Rs 0.31 crore Comparison with previous year: Loss of Rs 2 crore S Suresh, Managing Director, commenting on the standalone results mentioned that, "The operating performance of the Sugar segment for the current Q3 has been lower as compared to the Q3 of the previous year on account of reduction in export volume due to restrictions imposed by the Government, partially offset by the increase in domestic volume and realization. Cane crushed for the quarter has been slightly lower than the corresponding quarter of the previous year and the sugar recovery has marginally reduced due to prevailing climatic conditions. Distillery profitability in the current quarter has been better on account of the volume benefits flowing from expansion and better realization. The full benefits of expansion have not flown in the quarter due to change in Government policy on Syrup ethanol/8 Heavy Ethanol. The Government of India in December 2023 has ordered restrictions on the usage of sugarcane juice/syrup for production of Ethanol with immediate effect. While the total blending in Sugar Year 2022-23 was around 12%, this policy decision is expected to adversely impact the ESP targets and consequently the performance of distilleries. The Standalone Nutraceuticals segment has registered a loss during the current quarter on account of the continuing certification issues in Europe." Result PDF