EID Parry's core businesses struggle - Views on News from Equitymaster

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EID Parry's core businesses struggle

May 9, 2000

Other income accounted for almost 35% of EID Parry's pre–tax profits in the current year. This is what has helped the company to report a 14% growth in the bottomline. During the year the company sold its ceramic tile unit as well its long term investments. While the sale of investments has yielded a profit of Rs 58.8 m the loss on the sale of ceramic tiles unit amounted to Rs 18.8 m.

(Rs m) FY1999 FY2000 Change
Sales 9,794 11,157 13.9%
Other Income 92 190 106.1%
Expenditure 8,526 9,946 16.6%
Operating Profit (EBDIT) 1,268 1,211 -4.4%
Operating Profit Margin (%) 12.9% 10.9%  
Interest 551 505 -8.4%
Depreciation 375 355 -5.3%
Profit before Tax 434 541 24.8%
Other Adjustments 73 63 -13.1%
Tax 35 65 85.7%
Profit after Tax/(Loss) 471 539 14.4%
Net profit margin (%) 4.8% 4.8%  
Earnings per share* 26.46 30.26  

The performance of the fertliser and sugar business is in line with the industry. The operating margins actually declined by over 4% despite a 14% growth in the topline.of the company.

The stock quotes at Rs 93 at an earnings multiple of 3 times.

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E.I.D. PARRY Announces Quarterly Results (3QFY20); Net Profit Up 81.2% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, E.I.D. PARRY has posted a net profit of Rs 3 bn (up 81.2% YoY). Sales on the other hand came in at Rs 41 bn (up 9.9% YoY). Read on for a complete analysis of E.I.D. PARRY's quarterly results.

E.I.D. PARRY Announces Quarterly Results (1QFY20); Net Profit Up 98.5% (Quarterly Result Update)

Jul 31, 2019 | Updated on Jul 31, 2019

For the quarter ended June 2019, E.I.D. PARRY has posted a net profit of Rs 25 m (up 98.5% YoY). Sales on the other hand came in at Rs 31 bn (down 7.0% YoY). Read on for a complete analysis of E.I.D. PARRY's quarterly results.

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