E.I.D Parry Limited Announces Unaudited Consolidated and Standalone Financial Results for the Third Quarter and Nine Months Ended December 31, 2012
January 30, 2013 at 06:59 pm IST
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E.I.D Parry (India) Limited announced unaudited consolidated and standalone financial results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported on standalone basis net sales/income from operations (net of excise duty) of INR 2,507 million against INR 2,519.8 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 258.9 million against INR 430.1 million a year ago. Loss from ordinary activities before tax was INR 249.8 million against INR 480.9 million a year ago. Net loss for the period was INR 219.8 million or INR 1.26 per basic and diluted share against INR 480.9 million or INR 2.77 per basic and diluted share a year ago. Loss per share before extraordinary items was INR 1.27 against INR 2.77 a year ago.
For the nine months, the company reported on standalone basis net sales/income from operations (net of excise duty) of INR 13,298.2 million against INR 10,641.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 246.3 million against loss from operations before other income, finance costs and exceptional items of INR 416.7 million a year ago. Profit from ordinary activities before tax was INR 3,352.9 million against loss from ordinary activities before tax of INR 57.9 million a year ago. Net profit for the period was INR 3,262.9 million or INR 18.77 per basic and diluted share against net loss for the period of INR 57.9 million or INR 0.33 per basic and diluted share a year ago. Loss per share before extraordinary items was INR 18.78 against INR 0.33 a year ago.
For the quarter, the company reported on consolidated basis net sales/income from operations (net of excise duty) of INR 27,738.7 million against INR 29,781.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 511.7 million against INR 1,756 million a year ago. Loss from ordinary activities before tax was INR 199.3 million against profit from ordinary activities before tax of INR 960.3 million a year ago. Net loss for the period was INR 203.7 million or INR 2.67 per basic and diluted share against net profit for the period of INR 424.9 million or INR 0.05 per basic and diluted share a year ago.
For the nine months, the company reported on consolidated basis net sales/income from operations (net of excise duty) of INR 86,938.7 million against INR 87,770.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,917.1 million against INR 7,438.1 million a year ago. Profit from ordinary activities before tax was INR 3,949.2 million against INR 5,903 million a year ago. Net profit for the period was INR 2,686.1 million or INR 7.60 per basic and diluted share against INR 3,542.3 million or INR 10.06 0.33 per basic and diluted share a year ago. Earnings per share before extraordinary items were INR 7.61 against INR 10.08 a year ago.
E.I.D.- Parry (India) Limited is an India-based company that is engaged in the business of sweeteners and nutraceuticals. The Company's business segments include Nutrient and allied business, Crop protection, Sugar, Co-generation, Distillery, and Nutraceuticals. The Companyâs products include different type of sweeteners, such as white sugar, refined sugar, pharma grade sugar, brown sugar, low GI sugar, jaggery and others that are sold in bulk and retail packs. Sugar and nutraceuticals are sold both in the domestic and international markets. The Company sells its product to trade, institutions as well as to retail customers, through a number of channels including distributors, direct sale and digital marketing. It serves various industries, such as pharma, confectionery, beverage and soft drink manufacturers, dairy and food ingredients, among others. Its ethanol products are sold to oil marketing companies for fuel blending. It has approximately six sugar plants and one distillery.