Chennai, 30 April 2013: EID Parry (India) Limited, one of the largest manufacturers of Sugar in India, and part of the USD 4.4billion Murugappa Group, posted sustained performance for the Quarter ended 31st March 2013.
The standalone turnover of EID Parry for the Quarter was 634.69 Crores (Corresponding quarter of Previous Year: 462.37 Crore), with an EBITDA of 156.63 Crore (Corresponding quarter of Previous Year: Profit of 179.67 crores). The stand alone for the Quarter includes the full year numbers of Haliyal & Sankili, the demerged units of Parry Sugar Industries Limited (PSIL).
The consolidated turnover for the quarter ended 31st March 2013 was
2599.26 Crore (PY:3585.28 crore) and Profit after Tax before Minority Interest was 94.66 Crore (PY: Profit of 172.37 Crore).
Sugar Division
The performance of Sugar division during the Quarter and for the financial year is as follows.
2012-13 2011-12
EID (TN)
PSIL
Demerged
Units
Total EID (TN)
PSIL
Demerged
Units
Total
Cane Crushed –
MT in Lakhs:
For the Quarter
14.05
5.58
19.63
15.36
5.8
21.16
For the Year
53.25
11.94
65.19
48.02
11.07
59.09
Distillery production – Litres in Lakhs
For the Quarter
111
75
186
91
66
157
For the Year
468
186
654
398
186
584
The Consolidated Sugar operations reported a Profit of 163.34 crore (PY: Profit of 158.35 crore) at the PBIT level for the quarter.
Bio-products
Bio-products Division (comprising of Bio-Pesticides and Nutraceuticals) registered a PBIT of 12.18 Crore (PY: 6.40 Crore) for the quarter.
Farm Inputs
During the quarter, Farm Inputs Division registered a gross income from operations of 2079.53 Crore as against 2737.53 Crore in the corresponding quarter of the previous year.
The Farm Inputs Division reported a profit (PBIT) of 80.59 Crore for the current quarter ended 31st March 2013, as compared with 154.33 Crore in the corresponding quarter of the previous year 2011-12.
About E.I.D. – Parry (India) Limited
E.I.D. Parry is a significant 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 99% stake in Silkroad Sugar Private Limited, 93.52% stake in US Nutraceuticals LLC, USA with 100% voting rights, a 100% stake in Sadashiva Sugars Limited and a 65% stake in Parrys Sugar Industries Limited.
EID Parry together with its subsidiaries has nine sugar factories having a capacity to crush 34750 Tonnes of Cane per day, generate 146 MW of power and four distilleries having a capacity of 230 KLPD. 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 the Murugappa Group
Founded in 1900, the 22314 Crores (USD 4.4 billion) Murugappa Group is one of India’s leading business conglomerates. The Group has 28 businesses including ten listed Companies actively traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.
Market leaders in served segments including Abrasives, Auto Components, Cycles, Sugar, Farm Inputs, Fertilizers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies like Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Crucible and Sociedad Química y Minera de Chile (SQM). The Group has a wide geographical presence spanning 13 states in India and 5 continents.
Renowned brands like BSA, Hercules, Ballmaster, Ajax, Parry’s, Chola, Gromor and Paramfos are from the Murugappa stable. The organization fosters an environment of professionalism and has a workforce of over 32,000 employees.
Caution Notice
The public is hereby cautioned that it has been brought to our notice that certain unscrupulous persons/agencies are issuing fake sanction letters to customers and getting their signatures in fake loan agreements purporting to be a loan sanction letter & loan agreement of Murugappa Group and such persons /agencies are attempting to extort money by demanding security deposit/processing fee/insurance fee from the gullible customers for processing the required loan etc. In the aforesaid documents, those unscrupulous persons/agencies are also using the registered logo and name of Murugappa Group against law with intent to gain wrongfully by using the goodwill and reputation of the Group.
Please be informed that Murugappa Group is not a separate legal entity and never requires any customers to pay any advance money or deposit for loan sanctioning. Public is cautioned not to rely or act on any such fraudulent sanction/offer made in the name of Murugappa Group without verifying the authenticity of the contents.
Customers who are interested in availing loans may directly contact any of the nearest branch of Cholamandalam Investment and Finance Company Limited (Cholamandalam) a constituent of our group for further details or get in touch with us at 1800 200 4565 or alternatively email at customercare@chola.murugappa.com, or SMS at 9500000312.
MURUGAPPA GROUP