EID Parry (India) Ltd's Q3FY25 Quarterly Results

Result Summary

• EID Parry (India) Ltd reported a 6.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 13.1%.
• Its expenses for the quarter were down by 3.8% QoQ and up 9.8% YoY.
• The net profit decreased 29.8% QoQ and increased 91.9% YoY.
• The earnings per share (EPS) of EID Parry (India) Ltd stood at 10.9 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

EID Parry (India) Ltd is a prominent player in the sugar industry in India. The company is primarily engaged in the production and sale of sugar and its by-products. EID Parry operates several sugar mills across India and is recognized for its significant contributions to the sugar sector. Besides sugar, the company is involved in the production of bio-products and has a presence in the ethanol production market, contributing to the renewable energy initiatives in the country. As of the latest available data, there are no new major developments that significantly alter the company’s business operations or market position.

Revenue

For the quarter ending Q3FY25, EID Parry reported a total income of ₹8837.52 crores. This marks a decrease of 6.0% from the previous quarter, Q2FY25, where the total income was ₹9399.73 crores. However, on a year-over-year basis, the total income has increased by 13.1% from ₹7811.32 crores in Q3FY24. These figures indicate changes in revenue streams compared to both the preceding quarter and the same quarter in the prior year.

Profitability

The company’s profitability metrics for Q3FY25 show a profit before tax of ₹590.17 crores, reflecting a decrease of 28.4% compared to the previous quarter, Q2FY25, which was ₹823.93 crores. When compared year-over-year, there is a significant increase of 98.7% from Q3FY24's figure of ₹296.95 crores. The profit after tax stands at ₹415.57 crores for Q3FY25, showing a decline of 29.8% quarter-over-quarter from ₹591.66 crores in Q2FY25, but an increase of 91.9% year-over-year from ₹216.52 crores in Q3FY24. The earnings per share for Q3FY25 is ₹10.90, decreasing by 36.6% from the previous quarter and increasing by 65.2% from the same quarter last year.

Operating Metrics

Total expenses for EID Parry in Q3FY25 were ₹8247.35 crores, which is a 3.8% decrease from Q2FY25's expenses of ₹8575.80 crores. Compared to Q3FY24, there is an increase of 9.8% from ₹7514.37 crores. The tax expense for Q3FY25 was ₹166.14 crores, down 24.2% from the previous quarter and up 133.5% from the year-ago period. These figures reflect the operational cost changes and their impact on the company’s financial outcomes as reported for the respective periods.