May 26 (Reuters) - India's EID Parry reported a nearly 11% rise in fourth-quarter profit before exceptional items and tax on Tuesday, driven by higher sugar realizations.
Here are some details:
o The Murugappa Group firm's profit before exceptional items and tax rose to 1.78 billion rupees ($18.6 million) for the quarter ended March 31, from 1.61 billion rupees a year earlier
o However, it booked a loss after tax of 3.40 billion rupees, wider than the 2.32 billion rupee loss a year earlier, as higher exceptional charges from subsidiary-related provisions and impairments weighed on profitability
o Exceptional items rose to about 4.78 billion rupees, from 3.5 billion rupees a year earlier
o Revenue from operations rose 3.9% year-on-year to 8.46 billion rupees, supported by higher sugar realizations and stable distillery sales
o Revenue from the sugar segment rose 14.3% year-on-year, while the distillery segment, which produces ethanol, saw revenue rise 2.4%
o Total expenses rose about 6.3% year-on-year, led by higher raw material cost
o Sugar realizations increased to 46.4 rupees per kg from 42.1 rupees a year earlier
o Earlier in May, India banned sugar exports until September 30, tightening overseas shipments to safeguard domestic supplies
o Peers Dalmia Bharat Sugar and Industries and Balrampur Chini Mills posted lower quarterly profit earlier this month, hit by higher cane costs and supply constraints
($1 = 95.6000 Indian rupees)
(Reporting by Bipasha Dey in Bengaluru; Editing by Mrigank Dhaniwala)



















