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E.I.D. Parry (India) reports 50% fall in Q2 consolidated net profit

E.I.D. Parry (India) reports 50% fall in Q2 consolidated net profit

E.I.D. Parry (India) has reported results for second quarter ended September 30, 2018.

The company has reported a fall of 86.35% in its net profit at Rs 10.91 crore for the quarter under review as compared to Rs 79.91 crore for the same quarter in the previous year. Total income of the company decreased by 40.31% at Rs 424.33 crore for Q2FY19 as compared Rs 710.88 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 50.37% in its net profit at Rs 106.11 crore for the quarter under review as compared to Rs 213.79 crore for the same quarter in the previous year. However, total income of the company increased by 12.70% at Rs 5,847.46 crore for Q2FY19 as compared Rs 5,188.55 crore for the corresponding quarter previous year.