E.I.D. Parry Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 31, 2015 at 12:01 pm
Share
E.I.D. Parry (India) Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the third quarter, on a standalone basis, the company reported net sales/Income from operations of INR 4,796.0 million compared to INR 3,685.9 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 216.5 million compared to INR 395.6 million a year ago. Loss from ordinary activities before tax was INR 540.6 million compared to INR 450.3 million a year ago. Net loss for the period was INR 128.0 million compared to INR 125.0 million a year ago. Diluted loss per share before and after extraordinary items was INR 2.43 compared to INR 0.71 a year ago.
For the nine months, the company reported net sales/income from operations of INR 16,437.9 million compared to INR 12,255.9 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 62.4 million compared to INR 1,038.4 million a year ago. Loss from ordinary activities before tax was INR 105.8 million compared to INR 891.7 million a year ago. Net loss for the period was INR 99.8 million compared to INR 588.6 million a year ago. Diluted loss per share before and after extraordinary items was INR 0.57 compared to INR 3.35 a year ago.
For the third quarter, on a consolidated basis, the company's net sales/income from operations was INR 35,775.3 million compared to INR 32,140.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,569.1 million compared to INR 1,451.1 million a year ago. Profit from ordinary activities before tax was INR 767.5 million compared to INR 692.5 million a year ago. Net profit for the period was INR 301.4 million compared to INR 515.8 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.75 compared to basic and diluted earnings per share before and after extraordinary items of INR 0.86 a year ago.
For the nine months, on a consolidated basis, the company reported net sales/income from operation of INR 102,050.1 million compared to INR 94,039.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,262.2 million compared to INR 3,694.7 million a year ago. Profit from ordinary activities before tax was INR 2,644.7 million compared to INR 1,006.3 million a year ago. Net profit for the period was INR 1,079.8 million compared to INR 167.1 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 1.18 compared to INR 5.09 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.