EID Parry Reports Stable Q3 FY24-25 Results Amid Mixed Financial Trends

EID Parry (India), a midcap player in the sugar industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a stable financial performance for Q3 FY24-25, with notable adjustments in evaluation reflecting a shift from a previous score of -13 to a current score of 2 over the last three months.
The financial data reveals several positive trends for EID Parry. The Profit Before Tax (PBT) for the quarter stands at Rs 464.54 crore, showcasing significant growth of 88.45% year-on-year. Similarly, the Profit After Tax (PAT) has reached Rs 194.87 crore, marking a year-on-year increase of 64.8%. Additionally, the company has reported its highest cash and cash equivalents in the last six half-yearly periods, amounting to Rs 3,175.13 crore, indicating an improvement in short-term liquidity.

Conversely, there are areas of concern. The interest expense has risen to Rs 276.07 crore over the preceding nine months, reflecting an increase in borrowings. Furthermore, the Debtors Turnover Ratio has declined to 12.92 times, the lowest in the last five half-yearly periods, suggesting a slowdown in the company's ability to settle its debtors.

For more insights, Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.