Business

EID Parry gives bitter news of Q1 net loss of Rs 45.77cr

In a regulatory filing, EID Parry said during the first quarter of FY24 it had logged an operational income of Rs 698.41 crore

IANS

CHENNAI: Sugar major EID Parry (India) gave the bitter news of posting a net loss of Rs 45.77 crore for the first quarter of FY24.

In a regulatory filing, EID Parry said during the first quarter of FY24 it had logged an operational income of Rs 698.41 crore (Q1FY23 Rs 719.07 crore) and a net loss of Rs 45.77 crore (net profit of Rs 13.14 crore).

Barring the company's distillery division that had posted a segmental profit of Rs 23.89 crore, all other divisions -– sugar, cogeneration and nutraceuticals registered a loss Rs 40.76 crore, Rs 32.64 crore and Rs 3.64 crore, respectively. 

Also Read

Protests against the NEET controversy escalate across TN

'Jana Nayagan' timeline: How censor board row and piracy leak delayed Vijay's final film

Annamalai targets Centre over NEET, asks ''why meaningful engagement delayed until protest escalated''

CJP urges Wangchuk to end fast, says agitation will continue; Dipke asks PM to break silence

CM Vijay, DMK leader Stalin speak in one voice against NEET; stress scrapping the exam