EID Parry sees mild losses in Q1, revenue drops to Rs 3,363

By NT Bureau Published on Aug 09, 2018 03:47 PM IST

Chennai: EID Parry (India) Limited, manufacturer of Sugar, has reported financial results for the quarter ended 30 June. The results stated that the consolidated revenue from operations for the quarter was Rs 3,363 crore registering a decline of 0.4 per cent.

Earnings before depreciation, interest and taxes (EBITDA) and before exceptional item for the quarter was Rs 83 crore registering a decrease of 58 per cent in comparison to the corresponding quarter of previous year profit of Rs 196 crore. Consolidated loss after tax and non-controlling interest was Rs 195 crore compared to Rs 9 crore in the previous year.

The Standalone revenue from continuing operations for the quarter was Rs 456 crore in comparison to the corresponding quarter of previous year of Rs.474 Crore.

The Consolidated Sugar operations reported an operating loss of Rs 180 crores (corresponding quarter of previous year: Loss of Rs.22 Crores) for the quarter.