InvestorQ : Can you tell me your view on the EID Parry results for the latest quarter?
Katherine Gonsalves made post

Can you tell me your view on the EID Parry results for the latest quarter?

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rhea Babu answered.
9 months ago
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For the Q4FY22 quarter, EID Parry of Chennai reported 46.2% higher revenues at Rs5,667 crore. FY22 full year revenues grew 26.8% at Rs23,528 crore. Let me now turn to the specific verticals. Revenues from nutrients and allied business grew sharply by 57.8% at Rs3,683 crore while sugar grew 34.8% at Rs1,150 crore. However, crop protection business was flat. There was a virtual halving of net cash from operation in FY22 due to sharply higher funds locked up in inventories amidst fairly tough supply chain constraints.

EID Parry

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 5,667.34

₹ 3,876.68

46.19%

₹ 6,527.69

-13.18%

Net Profit (Rs cr)

₹ 302.52

₹ -6.34

N.A.

₹ 227.86

32.77%

Diluted EPS (Rs)

₹ 17.04

₹ -0.37

₹ 12.81

Net Margins

5.34%

-0.16%

3.49%

  

There was a turnaround in the Q4FY22 to a profit of Rs302.52 crore compared to a small net loss of Rs-6.37 crore in Q4FY21. This was driven by 60% growth in the EBIT of the nutrients business operating profit. Sugar remained under strain. Net margins were 5.34% in Q4FY22 compared to -0.16% in Q4FY21 and 3.49% in Q3FY22. Seasonal fluctuations in the sugar business are nothing extraordinary since sugar follows a unique sugar marketing year from October to September based on the cropping patterns.

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