EID Parry India Limited has informed the Exchange about Financial Results for the year ended March 31, 2026
EIDPARRY · price
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EID Parry India reported a standalone net loss of Rs. 70,828 lakhs for FY26, significantly worsening from Rs. 42,830 lakhs loss in FY25. Revenue declined marginally to Rs. 3,12,026 lakhs from Rs. 3,16,812 lakhs. The company incurred exceptional items totaling Rs. 82,976 lakhs, primarily comprising Rs. 59,132 lakhs provision for financial guarantee obligations related to subsidiary PSRIPL (Parry Sugars Refinery India Private Limited), Rs. 40,060 lakhs impairment of investment in PSRIPL, and Rs. 13,769 lakhs impairment of property, plant and equipment due to insufficient feedstock. These were partially offset by Rs. 29,764 lakhs gain from sale of Coromandel International shares. The Board approved closure of PSRIPL's sugar refinery operations effective March 31, 2026, due to sustained operational losses. The auditors issued an unmodified opinion. Consolidated results showed net profit of Rs. 191,102 lakhs (total comprehensive income Rs. 199,187 lakhs), indicating the standalone losses were offset by strong subsidiary performance.
The significant standalone loss and exceptional items related to PSRIPL closure create near-term earnings pressure, but the unmodified audit opinion and positive consolidated performance suggest the core business remains stable. Shareholders should monitor the PSRIPL wind-down costs and any additional provisions.