Shares of agriculture major EID Parry Thursday closed 2 per cent higher after the company posted a 87.23 per cent jump in consolidated net profit for the fourth quarter of 2018-19.
The scrip rose 1.60 per cent to close at Rs 187.85 on the BSE. During the day, it jumped 4.29 per cent to Rs 192.85.
On NSE, the shares gained 2 per cent to close at Rs 187.80.
The company Wednesday reported 87.23 per cent rise in consolidated net profit at Rs 158.06 crore for the quarter ended March 31, 2019, on the back of strong sales.
Net profit stood at Rs 84.42 crore in the year-ago period, the company said in a regulatory filing.
Total income rose to Rs 3,671.40 crore as against Rs 3,378.43 crore in January-March quarter of 2017-18.
EID Parry is in business related to sugar, crop protection, co-generation, distillery, bio-pesticides.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app