EID Parry Net Profit Declines 33.3% To ₹311.50 Crore

There is a big company in India called EID Parry that makes sugar and other products.

The company told everyone how much money it made in the last three months.

During that time, it made less profit than before—profit is the money left over after paying all the bills.

Its profit went down by about one third compared with the same time last year.

But the company actually sold more stuff this year, because the money it earned from selling things went up a little.

This happened partly because the company's expenses were much higher this year.

Some parts of the business, like consumer products, earned much less money than before.

The distillery part, which makes alcohol used in other products, also earned less because people bought less of it.

The sugar business did better, making more money by selling more sugar.

So in simple words, the company sold more but kept less of the money it earned.