EID Parry Swings to Standalone Loss Amidst Muted Sugar Demand

EID Parry, a company that deals with sugar and other products, had a mixed financial report.

On one hand, their main company lost money in one part of their business because they had to set aside money for an investment that didn't do well.

This made their standalone profit turn into a loss of ₹285 crore, even though their sugar business wasn't doing great.

However, when you look at all their businesses together, the company actually made more profit than last year, earning ₹424 crore.

This is because their other businesses, like making alcohol from sugarcane and their overall operations, did very well and brought in more money.

So, while one part of the company struggled, the bigger picture showed growth.