EID Parry Q2 net up over 20x to Rs 131 cr on better margins, cost control

Revenue from operations for the quarter grew 20% to Rs 529 crore from Rs 440 crore a year ago

EID Parry (India) Limited, part of Murugappa Group, posted standalone profit after tax of RS 131 crore for the quarter ended September 30, as against Rs six crore in the corresponding quarter of previous year. Revenue from operations for the quarter ended September 30 grew 20 per cent to Rs 529 crore from Rs 440 crore a year ago. 

Earnings before depreciation, interest and taxes (EBITDA) and before exceptional items for the quarter ended was Rs 226 Crore as against Rs 51 crore in the corresponding quarter of previous year. During the quarter, the Company received from its subsidiary, Coromandel International