E.I.D.-Parry books ₹478 cr in charges to shut its sugar refinery
The company swung to a deeper quarterly loss as it quantifies the cost of exiting the refinery business. Full-year profit fell 35% despite 22% revenue growth.
— 3 earlier stories on E.I.D. - Parry (India) Ltd. →What's new
- Q4 standalone net loss widened to ₹340 crore, from ₹232 crore a year ago, after ₹478 crore in exceptional items.
- The charges include a ₹591 crore guarantee provision for the PSRIPL refinery and ₹138 crore in asset impairments.
- Full-year consolidated profit slumped 35% to ₹570 crore, even as revenue climbed 22% to ₹38,534 crore.
Why this matters
Parry is paying to get out of the refinery business, and the bill is now on the books. The ₹478 crore quarterly charge wipes out any operational profitability for the period. With revenue growing, the drag is entirely self-inflicted: a strategic exit that will take time to work through the P&L.
What we're watching
- The timeline for the refinery exit and any further write-downs.
- How the pivot to jaggery and premium sweeteners translates to margins.
- Whether the ₹298 crore gain on Coromandel shares masks a weaker operational picture.
The full read
E.I.D.-Parry is paying to shut its refinery. The company booked ₹478 crore in exceptional charges for the March quarter, swinging to a deeper standalone loss of ₹340 crore from ₹232 crore a year ago. The bulk of the charge is a ₹591 crore guarantee provision for the Parry Sugars Refinery subsidiary it is exiting, plus ₹138 crore in asset write-downs. For the full year, consolidated revenue grew 22% to ₹38,534 crore, but profit attributable to owners fell 35% to ₹570 crore. The numbers confirm the financial cost of a strategic reversal: Parry is exiting a business it built, and the exit is dragging profit even as sales grow. A ₹298 crore gain on selling Coromandel International shares softened the blow, but it’s a one-time offset to a structural charge. The open question is how quickly the refinery exit clears the balance sheet.
Questions answered
- What drove the wider Q4 loss?
- The loss deepened because Parry booked ₹478 crore in exceptional charges for the quarter, primarily to provision for the closure of its Parry Sugars Refinery subsidiary and impair plant and equipment.
- How large was the full-year hit from these one-off items?
- Exceptional charges for the full year totalled ₹830 crore. This included a ₹591 crore guarantee provision for the refinery subsidiary and ₹138 crore in asset impairments.
- Did the core business grow?
- Consolidated revenue rose 22% for the year to ₹38,534 crore, so top-line growth was strong. The profit fall was driven by the restructuring charges and weaker performance in distillery and consumer products.
- What was the gain on the Coromandel International sale?
- Parry recorded a ₹298 crore gain from selling its shares in Coromandel International. This gain partially offset the other exceptional losses during the period.
E.I.D. - Parry (India) Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on EIDPARRY →- 26 May 2026 · 2:46 PM IST E.I.D.-Parry books ₹478 cr in charges to shut its sugar refinery
- 40d ago E.I.D.-Parry shutters refinery, targets debt cut of ₹600 cr
- 41d ago E.I.D. Parry posts ₹340 cr Q4 loss on refinery shutdown charges
- 41d ago Parry's refinery exit costs ₹478 cr. Profit sinks 35% on a 22% revenue jump.