Shares of agriculture major EID Parry rose nearly 5 per cent on Thursday after the company posted 87.23 per cent jump in consolidated net profit in the fourth quarter of 2018-19. The scrip gained 4.29 per cent to Rs 192.85 on the BSE. At the NSE, shares jumped 4.83 per cent to Rs 193.
EID Parry on Wednesday posted a surge of 87.23 per cent in consolidated net profit at Rs 158.06 crore for the fourth quarter of 2018-19 on strong sales. Net profit stood at Rs 84.42 crore in the same quarter of the previous year, the company said in a regulatory filing.
Income increased to Rs 3,671.40 crore during the January-March period of 2018-19 from Rs 3,378.43 crore in the year-ago quarter. EID Parry is in business related to sugar, crop protection, co-generation, distillery, bio-pesticides, and neutraceuticals.
At 12.52 pm, the stocks of EID Parry were trading higher by 1.68 per cent at Rs 188.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.