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Ethanol stock in focus after it reports 32% YoY decline in net profits

Ethanol stock saw a 32.4% YoY profit drop to ₹305.6cr in Q2 FY25, revenue up 3% at ₹9,330.4 crore. Shares closed 1.98% higher at ₹788.05.
Ethanol stock in focus after it reports 32% YoY decline in net profits

Ethanol stock reported a 32.4% YoY drop in Q2 FY25 net profit to ₹305.6 crore, with revenue rising 3% to ₹9,330.4 crore. Despite lower EBITDA and narrower margins, the company demonstrated resilience amidst operational challenges, with shares closing 1.98% higher at ₹788.05 on BSE.

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Share Price movement of EID Parry India Limited:

On November 14, 2024, EID Parry India Ltd’s shares opened at ₹774.00, reached an intraday high of ₹789.00, and touched a low of ₹770.05. The stock closed at its intraday high of ₹789.00, reflecting positive investor sentiment throughout the trading session. 

EID Parry India Limited Q2 Results:

Ethanol stock EID Parry India Ltd reported a 32.4% YoY decline in net profit to ₹305.6 crore for Q2 FY25, down from ₹452.3 crore in the same period last year. Revenue from operations rose 3% YoY to ₹9,330.4 crore, showcasing modest top-line growth.

At the operating level, EBITDA fell 8.1% YoY to ₹972 crore, with margins narrowing to 10.4% compared to 11.7% in Q2 FY24. Standalone revenue for the quarter stood at ₹755 crore, while standalone net profit declined to ₹28 crore, down from ₹86 crore in the previous year’s corresponding quarter.

For the half-year ending September 2024, standalone revenue grew to ₹1,506 crore, but the company posted a loss of ₹50 crore compared to a profit of ₹40 crore in the same period last year. Consolidated sugar operations recorded a loss before interest and tax of ₹38 crore, reflecting challenges in the refinery segment.

The Nutraceuticals division saw a reversal from a ₹24 crore profit to a ₹5 crore loss, while the Consumer Products Group widened its losses to ₹17 crore. Despite these challenges, EID Parry’s shares rose 1.98%, closing at ₹788.05 on the BSE, reflecting investor optimism.

Recent news About EID Parry India Limited:

On November 14, 2024, EID Parry (India) Ltd announced a 1:1 bonus share issue, granting one new equity share for every existing share held. This move aims to enhance shareholder value and reflects the company’s confidence in its future growth prospects.

Ace investor holding of EID Parry India Limited:

Hitesh Satishchandra Doshi holds a significant 2.37% stake in EID Parry (India) Ltd., owning 42,07,989 shares as of September 2024. 

Govindlal M Parikh owns a 2.11% stake in EID Parry (India) Ltd., amounting to 37,45,867 shares. 

Stock performance of EID Parry India Limited for Period of 1 week, 6 months and 1 year:

EID Parry (India) Ltd’s stock performance showed a 1-week decline of 8.10% but gained 22.9% over 6 months and delivered an impressive 57.1% return over the past year, reflecting strong long-term growth despite short-term fluctuations.

Shareholding pattern of EID Parry India Limited:

All values in %Sep-24Jun-24Mar-24
Promoters42.2242.2342.23
FII10.6610.228.85
DII13.2912.4511.88
Retail & others33.8335.0937.04
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About EID Parry India Limited Industries:

EID Parry India Limited, a prominent ethanol stock, operates in the sugar and allied industries. With a strong presence in ethanol, bioenergy, and nutraceuticals, the company is a leader in integrated sugar production, driving innovation, sustainability, and value in India’s agro-based industries.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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