EID Parry Q2 profit falls 40% despite revenue rise

GreyOak summary

EID Parry reported a 40.4% decline in Q2 consolidated profit to ₹252.8 crore, despite a 7.2% revenue increase to ₹11,213 crore. EBITDA margins narrowed to 8.8% due to weakening earnings in the farm inputs segment. The company's sugar business posted a loss, while standalone revenue grew to ₹860 crore.