Food Products company EID Parry (India) announced Q4FY24 & FY24 results:
Consolidated Q4FY24 Financial Highlights:
- Consolidated revenue from operations: Rs 5,557 crore for the quarter ended March 31, 2024, marking a 19% decrease from the corresponding quarter of the previous year, which was Rs 6,860 crore.
- Earnings before depreciation, interest, taxes, and exceptional items (EBITDA): Rs 582 crore for the quarter ended March 31, 2024, compared to Rs 620 crore in the corresponding quarter of the previous year.
- Consolidated profit after tax: Rs 294 crore for the quarter ended March 31, 2024, compared to Rs 287 crore in the corresponding quarter of the previous year.
Consolidated FY24 Financial Highlights:
- Consolidated revenue from operations: Rs 29,413 crore for the year ended March 31, 2024, indicating a 17% decrease from the previous year, which was Rs 35,244 crore.
- Earnings before depreciation, interest, taxes, and exceptional items (EBITDA): Rs 2,891 crore for the year ended March 31, 2024, reflecting a 10% decrease from the previous year, which was Rs 3,195 crore.
- Consolidated profit after tax: Rs 1,618 crore for the year ended March 31, 2024, compared to Rs 1,828 crore in the previous year.
Standalone Q4FY24 Financial Highlights:
- Standalone revenue: Rs 717 crore for the quarter ended March 31, 2024, compared to Rs 807 crore in the corresponding quarter of the previous year.
- Earnings before depreciation, interest, taxes, and exceptional items (EBITDA): Rs 166 crore for the quarter ended March 31, 2024, compared to Rs 327 crore in the corresponding quarter of the previous year.
- Standalone profit after tax: Rs 80 crore for the quarter ended March 31, 2024, compared to Rs 83 crore in the corresponding quarter of the previous year.
Standalone FY24 Financial Highlights:
- Standalone revenue from operations: Rs 2,809 crore for the year ended March 31, 2024, compared to Rs 2,895 crore in the previous year.
- Earnings before depreciation, interest, taxes, and exceptional items (EBITDA): Rs 307 crore for the year ended March 31, 2024, compared to Rs 527 crore in the previous year.
- Standalone Profit after tax: Rs 107 crore for the year ended March 31, 2024, compared to Rs 197 crore in the previous year.
- Exceptional Items FY24: The profit after tax for the year ended March 31, 2023, included a net exceptional loss of Rs 111 crore, comprising a provision for impairment of investment in subsidiaries/joint venture of Rs 155 crore and a gain of Rs 44 crore from the sale of properties relating to Puducherry and Pettavaithalai factories.