EIDPARRY · Fast Moving Consumer Goods
E.I.D. Parry (India) Ltd. reported revenue of ₹5,557 cr for January to March 2024, — on the year and −28.5% on the quarter.
Operating profit (EBITDA) was ₹459 cr, a margin of 8.3%, — on the year and +296 bps on the quarter.
Net profit was ₹294 cr, — on the year and +35.5% on the quarter, with earnings per share of ₹12.41.
On earnings per share of ₹50.68 over the last four quarters, the stock at ₹654.90 trades at 12.9 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹9,059 cr | ₹7,770 cr | ₹5,557 cr | ₹6,747 cr | ₹9,330 cr | ₹8,720 cr | ₹6,811 cr | ₹8,720 cr | ₹11,624 cr | ₹10,312 cr | ₹7,882 cr | ₹9,018 cr |
| YoY | — | — | — | −4% | +3% | +12% | +23% | +29% | +25% | +18% | +16% | +3% |
| EBITDA margin | 11.6% | 5.3% | 8.3% | 6.9% | 10.3% | 8.0% | 7.5% | 9.2% | 10.3% | 8.1% | 7.8% | 8.3% |
| Other income, % of PBT | 15% | 14% | 32% | 18% | 9% | 20% | 62% | 15% | 14% | 10% | — | 7% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 25% | 23% | 31% | 27% | 29% | 27% | 25% | 28% | 26% | — | 26% |
| Net profit | ₹782 cr | ₹217 cr | ₹294 cr | ₹226 cr | ₹592 cr | ₹416 cr | ₹539 cr | ₹464 cr | ₹766 cr | ₹437 cr | −₹287 cr | ₹312 cr |
| YoY | — | — | — | −30% | −24% | +92% | +83% | +105% | +29% | +5% | −153% | −33% |
| Core profit YoY | — | — | — | −45% | −15% | +88% | +7% | +97% | +23% | +14% | −3% | −25% |
| EPS | ₹25.48 | ₹6.66 | ₹12.41 | ₹5.14 | ₹17.21 | ₹10.97 | ₹16.12 | ₹13.85 | ₹23.86 | ₹13.05 | −₹18.74 | ₹7.96 |
| Flags | · | · | 1 | ✓ | ✓ | ✓ | 2 | ✓ | ✓ | ✓ | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
E.I.D. Parry (India) Ltd. reported revenue of ₹5,557 cr (— on the year) and net profit of ₹294 cr (— on the year) for January to March 2024.
1 check raised a question: Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
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