E.I.D. – PARRY (INDIA ) LIMITED Announces Un-Audited
Financial Results For the Quarter Ended
September 30, 2009
Chennai, October 30, 2009: The turnover of E.I.D. – Parry (India) Limited for the quarter ended 30th September, 2009 was Rs.270.01 Crore (Rs.251.45 crore). Gross operating profit for the quarter was Rs. 29.24 crore (Rs. 10.29 crore) after absorbing depreciation of Rs. 17.19 crore (Rs. 12.35 crore). After absorbing interest cost of Rs. 9.77 crore (Rs. 7.46 crore) and considering Other Income of Rs. 39.83 crore (Rs. 44.98 crore), the Profit Before Tax before exceptional income for the quarter was Rs. 59.30 crore (Rs. 48.42 Crore). The Profit After Tax for the quarter stood atRs. 40.18 crore (Rs.611.89 crore) after exceptional income of Rs. NIL (Rs. 749.18 crore).
The turnover of E.I.D. – Parry (India) Limited for the half year ended 30th September, 2009 was Rs.475.35 Crore (Rs. 455.25 crore). Gross operating profit for the half year wasRs. 68.11 crore (Rs. 16.86 crore) after absorbing depreciation of Rs. 34.10 crore (Rs. 24.43 crore). After absorbing interest cost of Rs. 18.97 crore (Rs. 15.39 crore) and considering Other Income of Rs. 45.05 crore (Rs. 50.95 crore) and exceptional item of Rs. NIL (Rs.749.18 crore), the Profit Before Tax for the half year was Rs. 94.19 crore (Rs. 801.60 Crore). The Profit After Tax for the half year stood at Rs. 66.43 crore (Rs. 614.66 crore).
The consolidated turnover for the quarter ended 30th September, 2009 was Rs.1956.98 crore (Rs. 3641.17 crore). The Profit After Tax for the quarter stood at Rs. 191.71 crore ( Rs. 761.37 crore).
The consolidated turnover for the half year ended 30th September, 2009 was Rs.3747.92 crore (Rs. 5245.61 crore). The Profit After Tax for the half year stood at Rs. 268.12 crore (Rs. 956.79 crore).
Sugar Division
During the quarter, sugar production was 80816 MT(83860 MT). The company exported 697 lakh units to the TNEB Grid compared to 785 lakh units for the corresponding period of 2008-09.
The Sugar Segment reported a profit of Rs.26.44 crore for the quarter (Loss of Rs. 0.72 crore). The profit from the Cogeneration Segment for the quarter was Rs.4.97 crore(Rs.11.20 crore).
Bio-Products Division
The Bio-pesticides Segment reported a profit of Rs.0.27 crore (Rs.0.94 crore) for the quarter and the Nutraceuticals Segment reported a profit of Rs. 0.80 crore (Rs.0.36 crore), which aggregated to profit of Rs. 1.07 Crore (Rs. 1.30 Crore) for the Bio-Products division.
About E.I.D. – Parry (India) Limited
E.I.D. Parry is a dominant player in Sugar with interests in promising areas of Bio Pesticides and Nutraceuticals. E.I.D Parry was incorporated in 1975. The company also has a significant presence in Farm Inputs business through its subsidiary, Coromandel International Limited. EID Parry has a 50% stake in Silkroad Sugar Private Limited, a joint venture with Cargill, a strategic 48% stake in US Nutraceuticals LLC,USA and a 76% stake in Sadashiva Sugars Limited.
EID Parry has five sugar factories having a capacity to crush 19000 Tonnes of Cane per day, generate 85 MW of power and two distilleries having a capacity of 100KLPD. In the Bio pesticides business, the Company offers a unique neem extract , Azadirachtin ,having a good demand in the developed countries’ bio pesticide markets. In the Nutraceuticals business, it holds a strong position in the growing wellness segment mainly catering to the world markets with its organic products.
About Murugappa Group
Headquartered in Chennai, the Rs. 15,907 crores (USD 3.14 billion) 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 companies have manufacturing facilities spread across 13 states in India. The organization fosters an environment of professionalism and has a workforce of over 32,000 employees. The Group has forged strong joint venture alliances with leading international companies like DBS Bank, Mitsui Sumitomo, Cargill, Foskor 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/ 9840277861
gopalakrishnan@parry.murugappa.com
