EID Parry India Limited has informed the Exchange about Transcript
EIDPARRY · price
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EID Parry's Q4 FY'25 earnings call discussed a mixed quarter where the sugar segment saw revenue of INR 408 crores (down 2% YoY) due to lower release quotas, while the distillery segment grew strongly with revenue of INR 268 crores (up from INR 224 crores) on better realizations. The refinery business swung to a loss of INR 99 crores (from INR 9 crores loss YoY) on weak white premiums, triggering an impairment of INR 427 crores, and the company announced a INR 350 crore capital infusion into the refinery subsidiary to reduce debt and improve net worth. Overall consolidated EBITDA turned negative at INR 38.12 crores versus a profit of INR 56.21 crores in the year-ago quarter. Management expressed concern over stagnant ethanol prices (unchanged for nearly 3 years), rising FRP costs, and potential US ethanol imports, while highlighting positive cane availability for the upcoming season and plans to expand the consumer products business beyond South India.
Shareholders face a weak quarter with negative consolidated EBITDA and a large refinery impairment, though the planned INR 350 crore infusion signals management's commitment to cleaning up the balance sheet. Near-term margin pressure from policy-driven sugar pricing and frozen ethanol rates remains a key overhang, while a better cane season could support volumes in FY'26.