EID Parry India posted a consolidated net profit of (after minority interest) Rs.167 crore for the quarter ended March 31, 2014 when compared with Rs.75 crore in a year-ago period on the back of strong operating margins.
Its profit before depreciation, interest and tax was up 16 per cent at Rs.347 crore when compared to Rs.298 crore in the fourth quarter of 2012-13. Consolidated turnover grew marginally to Rs.2,627 crore (Rs.2,599 crore).
Consolidated revenues for 2013-14 grew by seven per cent to Rs.12,031 crore (Rs.11,293 crore) and consolidated net profit after minority interest stood at Rs.78 crore as against Rs.207 crore. “2013-14 was a difficult year for the standalone EID. Bio-products did well with a 27 per cent rise in sales and contributed significantly to profits,” said a statement.
