EID Parry India Limited has informed the Exchange regarding a press release dated May 26, 2026, titled "Press Release".
EIDPARRY · price
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EID Parry India reported a standalone net loss of Rs. 70,828 lakhs for FY26, significantly higher than Rs. 42,830 lakhs loss in FY25. Revenue from operations declined marginally to Rs. 3,12,026 lakhs from Rs. 3,16,812 lakhs. The company recognized exceptional items totaling Rs. 82,976 lakhs, primarily comprising Rs. 40,060 lakhs impairment of investment in subsidiary PSRIPL (Parry Sugars Refinery India Private Limited), Rs. 59,132 lakhs provision for financial guarantee obligations for PSRIPL, Rs. 13,769 lakhs impairment of property, plant and equipment, partially offset by Rs. 29,764 lakhs gain from sale of Coromandel International Limited shares. The Board approved closure of PSRIPL's sugar refinery operations effective March 31, 2026. Post-year-end, the company infused Rs. 61,000 lakhs equity into PSRIPL to meet obligations. Statutory auditors issued an unmodified opinion on the financial results.
The substantial losses and exceptional items related to PSRIPL closure may weigh on investor sentiment. However, the consolidated results are likely supported by the strong performance of subsidiary Coromandel International Limited, which reported net profit after tax of Rs. 191,102 lakhs for the group.