EID Parry Board Approves Interim Dividend Of Rs. 5.50; Stock Gains

EID Parry (India), a Murugappa Group firm and one of India's leading sugar makers, reported a consolidated net profit of Rs 470 crore in the second quarter of this fiscal year, down 17% from Rs 563 crore in the previous fiscal year's July to September period.

"The Board of directors of EID Parry India Ltd have approved the payment of Interim Dividend for the financial year 2021-22 at Rs.5.50/- (Five rupee and fifty paise only) per share, representing 550%, on the equity share of face value of Re. 1/- each fully paid. The Record Date for the purpose of payment of Interim Dividend shall be November 18, 2021," the company said in the statement.

In the case of shares held in physical form, the Interim Dividend will be paid to those shareholders whose names appear in the Register of Members as of the Record Date, and in the case of shares held in dematerialized form, the Interim Dividend will be paid to those shareholders whose names appear in the Register of Members as of the Record Date, as per the details to be furnished by the Depositories as of the Record Date.

The Interim Dividend shall be paid on or after December 1, 2021, but no later than 30 days after the Interim Dividend is declared, as required by the Companies Act of 2013.

The stock was trading at Rs.490 on NSE at 10.59 am IST and it touched a intraday low of Rs. 464 during the day. It touched an intra-day high of Rs 494 during the trade.
The stock returned 107.7% over the last three years, compared to 80.7 percent for the Nifty Midcap 100. EID Parry (India) Ltd., founded in 1975, is a Sugar-related Mid Cap company with a market capitalization of Rs 8,612.86 crore.