EID Parry India Ltd.’s standalone net profit for the September quarter rose marginally to ₹86 crore, from ₹85 crore within the year-earlier interval, because of “export release order restrictions imposed by the Centre,” the corporate stated.
Revenue from operations registered a 13% progress at ₹726 crore, the sugar producer stated in a press release.
Sugar section’s efficiency has been decrease in contrast with the corresponding quarter of the earlier yr primarily because of export launch order restrictions imposed by the federal government, stated Managing Director S. Suresh.
However, this was offset by enhance in home volumes by about 0.37 lakh tonnes in Q2 towards the corresponding quarter coupled with higher home realisations.
Base honest and remunerative worth for sugar season 2023-24 elevated to ₹3,150/tonnes for a base restoration of 10.25%, he stated.
Nutraceuticals section registered a loss because of the persevering with certification points in Europe.
The board accepted an interim dividend of ₹4 per fairness share, which might be payable by November 21.
