EID Parry (India) Limited, one of the largest manufacturers of Sugar in India, has reported its financial results for the quarter ended 30th June 2025.
Consolidated performance for the quarter ended June 30, 2025:
The consolidated revenue from operations for the quarter ended 30th June 2025, was Rs. 8,724 Crore registering an increase of 29% in comparison to the corresponding quarter of the previous year of Rs. 6,747 Crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter ended 30th June 2025 was Rs. 895 Crore registering an increase of 70% in comparison to the corresponding quarter of the previous year of Rs. 528 Crore. The Consolidated Profit after Tax and noncontrolling interest was Rs. 246 Crore as compared to Rs. 91 Crore in the corresponding quarter of the previous year.
Standalone performance for the quarter ended June 30, 2025:
The Standalone revenue from operations for the quarter ended 30th June 2025 was Rs. 760 Crore in comparison to the corresponding quarter of previous year of Rs. 751 Crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter ended 30th June 2025 was Rs. 14 Crore in comparison to the loss in the corresponding quarter of the previous year, which stood at Rs. (29) Crore.
The Standalone Loss after tax for the quarter was Rs. (28) Crore as compared to Rs. (79) Crore in the corresponding quarter of the previous year.
Sugar Division
The Consolidated Sugar operations including refinery business reported a Loss before Interest and Tax of Rs. (30) Crore (corresponding quarter of previous year: Loss of Rs. (55) Crore) for the quarter.
Farm Inputs Division
The Consolidated Farm Inputs operations reported a Profit before Interest and Tax of Rs. 741 Crore (corresponding quarter of previous year: profit of Rs. 494 Crore) for the quarter.
Nutraceuticals Division
The Consolidated Nutraceuticals Division registered a Loss before Interest and Tax of Rs. (10) Crore (corresponding quarter of previous year: profit of Rs. 1 crore) for the quarter.
Mr. Muthiah Murugappan, Whole-time Director and Chief Executive Officer commenting on the standalone results stated as follows:
Sugar:
The revenues of the sugar segment for the current quarter were at Rs. 347 Crore as against Rs. 404 Crore in the corresponding quarter of the previous year, registering a de-growth of 14% due to lower release quota. The sugar segment registered a loss of Rs. 49 Crore as compared to a loss of Rs. 59 Crore for the corresponding quarter of the previous year on account of higher cane volume (2.11 LMT Q1 Jun 25 Vs 1.93 LMT in Q1 Jun 24) and on account of better realization and cost optimization, which is partly offset by lower recoveries and higher cane cost.
Distillery:
The revenues of the distillery segment for the current quarter were at Rs. 296 Crore as against Rs. 263 Crore in the corresponding previous year quarter, registering a growth of 12%, benefitting from enhanced capacity utilization after completion of distillery expansion projects. The distillery segment registered a profit of Rs. 20 Crore as compared to profit of Rs. 13 Crore of corresponding quarter of previous year on account of increase in sales volume and cost optimization.
Consumer Products Group (CPG):
The Consumer Products Group (CPG) delivered a turnover of Rs 192 Crore for the current quarter registering a decline of 11% over the corresponding quarter of the previous year of Rs. 216 Crore, mainly on account of lower release quota for the sweetener category, partly offset by steady performance in the staples segment, which registered a growth of 33% over the corresponding quarter of the previous year.
Nutraceuticals:
The revenues of the nutraceuticals segment for the current quarter were at Rs. 5.94 Crore as against Rs. 8.41 Crore in the corresponding quarter of previous year, registering a de-growth of 29%. The loss under this segment stood at Rs. 0.20 Crore compared to the corresponding previous year quarter loss of Rs. 0.26 Crore on account of cost optimization, though there is reduction in revenues.
