EID-Parry Q1 standalone net at Rs 25 cr

Murugappa group company EID-Parry has reported a standalone net profit of Rs 25.34 crore for the first quarter ended June 30.

The Chennai-based sugar manufacturer had registered a net loss of Rs 138.18 crore, during same period of previous year, a company statement said.

Total income for April-June quarter went up to Rs 581.37 crore, from Rs 498.71 crore registered during the year ago period.

The company said the process of merging Parrys Sugar Industries, a subsidiary of the company, with EID-Parry is "under progress".

Stock of the company ended at Rs 258, a fall of 0.62 per cent on BSE from the previous close.