51st AGM
EIDPARRY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
EID Parry reported a standalone net loss of Rs 70,828 Lakhs for FY2026 vs Rs 42,830 Lakhs loss in FY2025, driven mainly by exceptional items of Rs 82,976 Lakhs. These included a Rs 59,132 Lakh provision for financial guarantees given to subsidiary Parry Sugars Refinery India (PSRIPL) — whose sugar refinery operations were closed on March 31, 2026 due to sustained losses from adverse global market conditions and high operating costs — plus Rs 40,060 Lakh impairment of investment in PSRIPL and Rs 13,769 Lakh impairment of plant and equipment in three cash-generating units due to insufficient feedstock. Revenue from operations declined marginally to Rs 3,12,026 Lakhs (vs Rs 3,16,812 Lakhs). The company also sold part of its stake in subsidiary Coromandel International for Rs 29,865 Lakhs, booking a gain of Rs 29,764 Lakhs. Consolidated results include Coromandel International's strong performance; auditors flagged going concern issues and foreign currency receivable delays in PSRIPL's financials.
The standalone loss widens significantly due to one-time charges for PSRIPL's closure and asset impairments, signalling stress in the sugar refining segment. However, the parent's balance sheet remains supported by the profitable Coromandel subsidiary and the equity infusion of Rs 61,000 Lakhs post-year-end. Shareholders face a negative bottom-line for FY2026 on a standalone basis.