EID Parry India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
EIDPARRY · price
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EID Parry India reported a standalone net loss of Rs. 70,828 lakhs for FY2026, significantly worse than the Rs. 42,830 lakh loss in FY2025. Revenue from operations declined marginally from Rs. 316,812 lakhs to Rs. 312,026 lakhs. Key exceptional items totaling Rs. 82,976 lakhs included Rs. 40,060 lakh impairment of investment in subsidiary PSRIPL (whose refinery operations were closed on March 31, 2026), Rs. 59,132 lakh provision for financial guarantee obligations for PSRIPL, Rs. 13,769 lakh impairment of property plant and equipment due to feedstock shortages, partially offset by Rs. 29,764 lakh gain from sale of Coromandel International shares. The auditors issued an unmodified opinion on both standalone and consolidated results. The consolidated auditor's report included an Emphasis of Matter regarding PSRIPL's going concern basis of accounting and foreign currency receivables overdue beyond RBI stipulated periods.
The company reported significantly higher losses driven by exceptional items from subsidiary closure and related guarantee provisions. However, the core operations and clean audit opinion (unmodified) provide some comfort. The substantial cash infusion of Rs. 61,000 lakhs into PSRIPL post-year-end to meet obligations indicates parent support but may impact future cash flows.