E.I.D.-Parry (India) Ltd. reported a 42.5% year-on-year decline in consolidated profit after tax attributable to owners to ₹141.60 crore for the quarter ended June 30, 2026, compared to ₹246.28 crore in the corresponding quarter last year. According to reports from CNBC TV18, the company's consolidated revenue from operations rose 3.4% to ₹9,017.52 crore from ₹8,719.75 crore a year earlier. However, earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 6.8% to ₹750.6 crore from ₹805.4 crore, with EBITDA margin narrowing to 8.3% from 9.2% in the corresponding quarter last year.
On a sequential basis, the Chennai-based company swung to a profit attributable to owners of ₹141.60 crore from a loss of ₹333.30 crore in the March quarter. As reported by CNBC TV18, revenue from operations increased 14.4% from ₹7,882.33 crore, while total expenses rose 13.3% from ₹7,615.11 crore. Total expenses increased 5.3% to ₹8,624.59 crore from ₹8,193.94 crore year-on-year.
The nutrient and allied business remained the company's largest segment by revenue, generating ₹6,951.03 crore during the June quarter, up 9.5% from ₹6,345.81 crore a year earlier. According to CNBC TV18, the crop protection business recorded a sharp increase in revenue to ₹1,250.76 crore from ₹724.85 crore, with segment profit improving to ₹170.15 crore from ₹111.16 crore. However, the sugar business faced significant challenges, recording revenue of ₹475 crore, down sharply from ₹1,258.34 crore a year earlier, with loss before tax and interest widening to ₹44.83 crore from ₹30.44 crore. On a standalone basis, the sugar segment recorded revenue of ₹410 crore, up 18% from ₹347 crore year-earlier, primarily driven by higher sales volumes.
On a standalone basis, the company reported a net loss of ₹89 crore for the quarter, compared with a loss of ₹28 crore in the corresponding quarter last year. The loss included an impairment of ₹19 crore in investments in subsidiary Parry Sugars Refinery India Pvt Ltd (PSRIPL). Standalone revenue from operations stood at ₹733 crore, compared with ₹756 crore in Q1 FY26. Distillery revenue fell to ₹254.82 crore from ₹295.28 crore, while segment profit declined to ₹8.66 crore from ₹20.27 crore. Nutraceuticals revenue more than doubled to ₹61.08 crore from ₹26.94 crore, while the segment's loss narrowed sharply to ₹0.11 crore from ₹9.97 crore.
Shares of E.I.D.-Parry were trading 2.02% lower at ₹772.55 on the National Stock Exchange following the results announcement. The company operates six sugar factories with an aggregate crushing capacity of 40,800 tonnes a day, along with 140 MW of co-generation capacity and five distilleries with a combined capacity of 582 kilolitres a day.
