EID Parry India turns black in Q1

EID Parry India has reported results for first quarter ended June 30, 2012.

The company has reported a net profit of Rs 22.47 crore for the quarter under review as compared to a net loss of Rs 7.18 crore for the same quarter in the previous year. The total income from operation of the company has increased by 45.07% at Rs 578.07 crore for Q1FY13 as compared Rs 398.49 crore for the corresponding quarter previous year.

EID Parry manufactures and markets a wide range of products such as sugar, bio-products and nutraceuticals. Today, the company is one of the Top 5 sugar producers in India and is on the path to sweetening more lives around the world.