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EID Parry Q2 net profit contracts 17%
The Hindu
EID Parry India Ltd.’s standalone net profit for the second quarter ended September contracted 17% to ₹73 crore on account of reduced export sales and lower release order quota allocation.Total revenu
EID Parry India Ltd.’s standalone net profit for the second quarter ended September contracted 17% to ₹73 crore on account of reduced export sales and lower release order quota allocation.
Total revenue from operations saw a 17% de-growth to ₹438 crore. The company also received final dividend of ₹99 crore from subsidiary firm Coromandel International Ltd., EID Parry said in a filing.
On Monday, the board approved the setting up of a 120 KLPD distillery (grain/sugar/syrup/molasses) in Sankili and also payment of interim dividend of ₹5.50 for FY22.