Parrys Sugar Industries plans to issue preference shares to promoters up to Rs 100 crore and the company will also increase the authorised capital from Rs 75 crore to Rs 175 crore, an increase of Rs 100 crore. To obtain the approval of its shareholders on this issues, the company has called an extra-ordinary general meeting (EGM) on June 28.
The company has posted a net profit of Rs 12.52 crore for the quarter ended March 31, 2011 as compared to the net loss of Rs 15.98 crore for the quarter ended March 31, 2010. Its total income has increased by 12.23% from Rs 125.96 crore for the quarter ended March 31, 2010 to Rs 141.37 crore for the quarter ended March 31, 2011.
For the year ended March 31, 2011, the company has reported a net loss of Rs 67.60 crore as compared to a net loss of Rs 58.43 crore for the year ended March 31, 2010. Total income of the company has increased by 27.78% from Rs 227.56 crore for the year ended March 31, 2010 to Rs 290.77 crore for the year ended March 31, 2011.
Parrys Sugar Industries (PSIL) is a distinguished and rapidly expanding sugar producer in India. PSIL, a subsidiary of EID Parry (India), is one of the fastest growing organizations In India. It has three sugar plants with a combined crushing capacity of 11,500 tonnes of cane per day (TCD).
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 27.92 |
| Bajaj Hindusthan Sug | 18.85 |
| Triveni Engg. & Inds | 389.70 |
| Balrampur Chini Mill | 485.05 |
| Dalmia Bharat Sugar | 378.80 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: