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E.I.D. Parry (India) Limited: Audited
financial results for the year ended March 31, 2009
Chennai, 30 April 2009: The
turnover of E.I.D. Parry (India) Limited for the quarter ended 31st
March, 2009 was Rs.225.59 crore (Rs.184.38 crore). The gross profit
for the quarter was Rs.54.88 crore (Rs.20.70 crore) after absorbing
depreciation of Rs.13.12 crore (Rs.11.44 crore). After absorbing
interest cost of Rs.5.48 crores (Rs. 7.13 crore) and considering
other income of Rs.58.24 crore (Rs.1.93 crore) and exceptional income
of Rs. 0.54 crore, the profit before tax for the quarter was Rs.108.18
crore (Rs.15.50 crore). The profit after tax for the quarter stood
at Rs.93.75 crore (Rs.37.90 crore).
The consolidated turnover for the quarter ended 31st
March, 2009, was Rs.1112.27 crore (Rs.841.84 crore). The profit
after tax for the quarter stood at Rs.92.11 crore (Rs.41.15 crore).
For the year ended 31st March, 2009
The turnover of E.I.D. Parry (India) Limited
for the year ended 31st March, 2009 was Rs.755.57 crore (Rs.616.45
crore). The gross profit for the year ended was Rs.49.77 crore (gross
loss of Rs.38.98 crore) after absorbing depreciation of Rs.50.17
crore (Rs.44.03 crore). After absorbing interest cost of Rs.26.82
crore (Rs.32.52 crore) and considering other income of Rs.115.73
crore (Rs.33.00 crore) and exceptional income of Rs.749.72 crore,
the profit before tax for the year ended was Rs.888.40 crore ( loss
of Rs.38.50 crore). The profit after tax for the year ended stood
at Rs.691.96 crore (loss of Rs.16.58 crore).
The consolidated turnover for the year ended 31st
March, 2009 was Rs.10158.39 crore (Rs.4581.61 crore). The profit
after tax for the year ended stood at Rs.1163.49 crore (Rs.182.98
crore).
Sugar division
The sugar division made a profit of Rs.56.22 crore for the quarter
(Rs.13.01 crore), which includes a profit of Rs.16.72 crore from
cogeneration (Rs.13.34 crore) and Rs.2.31 crore from distillery
operations (Rs.4.53 crore).
Bio-products division
The bio-products segment reported a profit of Rs.5.00 crore for
the quarter (profit Rs.4.12 crore).
Interest
Interest cost for the quarter was Rs.5.48 crore compared to Rs.7.13
crore for the previous year.
Projects
The 20 MW cogeneration project at Pettavaittalai has been started
up during the quarter. The disillery at Sivagangai to produce value
added alcohols from molasses has also commenced production during
the quarter.
Buy back of equity shares
The company has completed buy back of 31,34,701 equity shares of
Rs.2/- each at an average price of Rs.141.18 per share and consequent
to this the share capital stands reduced to Rs.17.22 crore.
Dividend
The board of directors are pleased to recommend a final dividend
of Rs. 6/- per equity share.
About the Murugappa Group
Headquartered in Chennai, Murugappa Group is one of India's leading
business conglomerates. Market leaders in diverse areas of business
including Engineering, Abrasives, Finance, General Insurance, Cycles,
Sugar, Farm Inputs, Fertilizers, Plantations, Bio-products and Nutraceuticals,
its 29 limited companies have manufacturing facilities spread across
13 states in India. The organisation fosters an environment of professionalism
and has a workforce of over 30000 employees. The Group which has
forged strong joint venture alliances with leading international
companies like DBS Bank, Mitsui Sumitomo, Cargill, Foskor, China
Engineering & Exploration Bureau and Groupe Chimique Tunisien,
has consolidated its status as one of the fastest growing diversified
business houses in India.
For further information, please
contact:
P. Gopalakrishnan
Vice President (Finance)
E.I.D. Parry (India) Limited
Dare House
234 NSC Bose Road, Chennai – 600 001
Tel: +44 – 2530-6789/98402-77861
E-mail: gopalakrishnan@parry.murugappa.com
Website: www.eidparry.com
Chandrika Raman
Asst General Manager
Group Corporate Communications
Murugappa Group
Tel: 044 25306535 / 098400 71172
E-mail: ChandrikaR@corp.murugappa.com
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