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    HomeNewsBusinessStocksEID Parry: Why the prospects are sweet for this stock

    EID Parry: Why the prospects are sweet for this stock

    Ethanol story intact with enhanced capacity expansion. Massive opportunity in bio-fuel to drive profitability and help in re-rating. Robust fundamentals, strong parentage, and established track record add to confidence

    Khushboo Rai
    December 05, 2022 / 11:45 IST
    EID Parry India: EID Parry India Q2 profit jumps 20% YoY to Rs 565 crore on healthy top line. Revenue grows 62% but higher input cost dent margin. The sugar company clocked a 20% year-on-year growth in consolidated profit at Rs 565 crore for quarter ended September FY23 on healthy top line. Consolidated revenue from operations grew by 62% to Rs 11,327.6 crore compared to year-ago period, and EBITDA increased by 27.3% to Rs 950 crore but margin fell by 230 bps YoY due to higher input cost.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More