EID Parry's March qtr net up 16.09 pc at Rs 112.25 cr

MUMBAI: Sugar manufacturer EID Parry (India) Ltd today reported that its net profits for the quarter ended March 31, 2011 rose by 16.09 per cent at Rs 112.25 crore.

The company in a filing to the Bombay Stock Exchange (BSE) said its net profit in the year-ago period stood at Rs 96.69 crore.

Total profits of the company in the 2010-11 fiscal, however, fell by almost 21 per cent to Rs 312.28 crore as compared to Rs 393.60 crore in the corresponding period of the previous year.

The company's total income in the quarter ended March 31, 2011 rose by 11.35 per cent to Rs 1,919.05 per cent as against Rs 1,723 per cent in the year-ago period.

Similarly, the total income of the Chennai-based company in FY11 rose by 22.42 per cent to Rs 9,363.10 crore as compared to Rs 7,647.91 crore in the same period of the previous year.

EID Parry is engaged in manufacture and marketing of sugar, alcohol, bio-products and nutraceuticals.

It has five sugar plants with a combined crushing capacity of 15,800 tonnes of cane per day.

Shares of the company today closed at Rs 235.30, which is 2.32 per cent lower than its previous close at the BSE.