Parrys sugar reports Q1 net loss at Rs 20.12 crore

NEW DELHI: Subsidiary of EID Parry (India), Parrys Sugar Industries LtdBSE 2.25 % (PSIL) today reported net loss of Rs 20.12 crore for the first quarter ended on June 30.

The company had clocked a net loss of Rs 21.12 crore in the same quarter last fiscal.

The results of the first quarter of 2013-14, are not comparable with results of same quarter year ago, due to demerger of the company from its parent company EID Parry India LtdBSE -0.78 %, the company said in a filing to the BSE.

Total income from operations in the April-June period of the current fiscal stood at Rs 8.49 crore. The income was Rs 140.56 crore Q1, 2012-13.

Bangalore based company has crushing capacity of 2,500 tonnes per day which can be expanded to 4,000 tonnes per day.

The company scrip rose 2.25 per cent to Rs 20.45 on the BSE today.

source: ET