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Stock Report
EID Parry India Ltd Q2FY21 consolidated PAT at Rs. 317.80 crore
Posted On : 2020-11-09 19:26:13( TIMEZONE : IST )
E.I.D.-PARRY (INDIA) LTD. has reported financial results for the period ended September 30, 2020.
Financial Results (Q2 FY20-21) - QoQ Comparison
The company has reported total income of Rs.5849.87 crores during the period ended September 30, 2020 as compared to Rs.4157.54 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.317.80 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.29.33 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.17.90 for the period ended September 30, 2020 as compared to Rs.1.64 for the period ended June 30, 2020.
| Financials | Q2 FY20-21 | Q1 FY20-21 | % Change |
| Total Income | ₹ 5849.87 crs | ₹ 4157.54 crs |  40.71% |
| Net Profit | ₹ 317.80 crs | ₹ 29.33 crs | 983.53% |
| EPS | ₹ 17.90 | ₹ 1.64 | 991.46% |
Financial Results (Q2 FY20-21) - YoY Comparison
The company has reported total income of Rs.5849.87 crores during the period ended September 30, 2020 as compared to Rs.5697.54 crores during the period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.317.80 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.181.57 crores for the period ended September 30, 2019.
The company has reported EPS of Rs.17.90 for the period ended September 30, 2020 as compared to Rs.10.22 for the period ended September 30, 2019.
| Financials | Q2 FY20-21 | Q2 FY19-20 | % Change |
| Total Income | ₹ 5849.87 crs | ₹ 5697.54 crs | 2.67% |
| Net Profit | ₹ 317.80 crs | ₹ 181.57 crs | 75.03% |
| EPS | ₹ 17.90 | ₹ 10.22 | 75.15% |
Financial Results (6 months ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.10007.41 crores during the 6 months period ended September 30, 2020 as compared to Rs.8850.90 crores during the 6 months period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.347.13 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.153.87 crores for the 6 months period ended September 30, 2019.
The company has reported EPS of Rs.19.54 for the 6 months period ended September 30, 2020 as compared to Rs.8.66 for the 6 months period ended September 30, 2019.
| Financials | Half-Year Ended FY20-21 | Half-Year Ended FY19-20 | % Change |
| Total Income | ₹ 10007.41 crs | ₹ 8850.90 crs | 13.07% |
| Net Profit | ₹ 347.13 crs | ₹ 153.87 crs | 125.6% |
| EPS | ₹ 19.54 | ₹8.66 | 125.64% |
Mr. S Suresh, Managing Director commenting on the results mentioned that, "The performance of the Company was better in Q2 2020-21 as compared to corresponding quarter of previous year on account of better realisation and the cost reduction measures which continued from the Q1 2020-21.
The Company was successful in meeting the export obligation for sugar season 2019-20 under MAEQ scheme. Sugar prices remained in the same levels of that of Q1 2020-21 and release order mechanism continued to be in place.
Government has increased the FRP by Rs.100 per MT for the sugar season 2020-21 without any increase in MSP of sugar. Though, the Government of India has announced increase in Ethanol procurement rates varying between Rs.1.90 to Rs.3.34 per litre depending on the grades of ethanol for the period December 2020 to November 2021, Industry is expecting an increase in MSP for Sugar for covering the increase in cane and other costs for healthy survival.
Availability of cane is expected to be better in Karnataka for sugar season 2020-21 as compared to previous sugar season while in Tamilnadu and Andhra it is expected to be in same lines as that of last year.
Standalone Nutraceuticals division registered a strong profit growth of 190% at Rs.4 crores as against Rs.1 crore in corresponding quarter of previous year on account of increased sales to US and Europe."
Shares of E.I.D.-PARRY (INDIA) LTD. was last trading in BSE at Rs.285.65 as compared to the previous close of Rs. 283.85. The total number of shares traded during the day was 5023 in over 454 trades.
The stock hit an intraday high of Rs. 289 and intraday low of 283.7. The net turnover during the day was Rs. 1441618.
