E.I.D. Parry Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 30, 2014 at 01:12 pm
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E.I.D. Parry (India) Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2013. For the third quarter, on a standalone basis, the company reported turnover of INR 3,685.9 million compared to INR 2,502.5 million a year ago. Net loss before tax was INR 450.3 million compared to INR 249.8 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 395.6 million compared to INR 241.6 million a year ago. Net loss for the period was INR 125.0 million compared to INR 219.8 million a year ago. Diluted loss per share before and after extraordinary items was INR 0.71 compared to INR 1.26 a year ago.
For the nine months, the company reported net sales/income from operations of INR 12,255.9 million compared to INR 13,205.5 million a year ago. Net loss before tax was INR 891.7 million compared to profit before tax of INR 3,352.9 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 1,038.4 million compared to profit from operations before other income, finance costs and exceptional items of INR 304.8 million a year ago. Net loss for the period was INR 588.6 million compared to net profit for the period of INR 3,262.9 million a year ago. Diluted loss per share before and after extraordinary items was INR 3.35 compared to diluted earnings per share before and after extraordinary items of INR 18.77 a year ago.
For the third quarter, on a consolidated basis, the company's turnover was INR 32,140.2 million compared to INR 27,738.7 million a year ago. Profit after tax before minority interest was INR 515.8 million compared to loss of INR 203.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,451.1 million compared to INR 511.7 million a year ago. Profit from ordinary activities before tax was INR 692.5 million compared to loss from ordinary activities before tax of INR 199.3 million a year ago. Net profit for the period was INR 515.8 million compared to net loss for the period of INR 203.7 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 0.86 compared to basic and diluted loss per share before and after extraordinary items of INR 2.67 a year ago.
For the nine months, on a consolidated basis, the company reported net sales/income from operation of INR 94,039.9 million compared to INR 86,938.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,694.7 million compared to INR 5,917 million a year ago. Profit from ordinary activities before tax was INR 1,006.3 million compared to INR 3,949.2 million a year ago. Net profit for the period was INR 167.1 million compared to INR 2,686.1 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 5.09 compared to diluted earnings per share before and after extraordinary items of INR 7.60 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.