Audited Financial Results for the quarter and year ended March 31, 2026
EIDPARRY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
EID Parry India reported a standalone net loss of Rs 70,828 lakhs for FY26 compared to Rs 42,830 lakhs loss in FY25, primarily due to Rs 82,976 lakhs in exceptional items. Revenue from operations declined slightly to Rs 3,12,026 lakhs from Rs 3,16,812 lakhs. Key exceptional items include Rs 59,132 lakhs provision for financial guarantee obligations related to subsidiary PSRIPL, Rs 40,060 lakhs impairment of investment in PSRIPL, and Rs 13,769 lakhs impairment of property, plant and equipment. The company also booked a gain of Rs 29,764 lakhs from selling 0.51% stake in Coromandel International. PSRIPL's refinery operations were closed on March 31, 2026, and the company subsequently infused Rs 61,000 lakhs equity into PSRIPL to meet obligations. Auditors issued an unmodified (clean) opinion.
The significant loss and exceptional items related to PSRIPL closure signal major write-downs. While the clean audit opinion provides some comfort, the large financial guarantee provision and subsidiary closure may raise concerns about asset quality and future contingent liabilities. The sale of Coromandel stake partially offset losses.