Continued losses in Tamil Nadu/AP operations
Dwindling cane in Tamil Nadu and Andhra Pradesh is a drag on profitability; management is running tightly on cost but losses persist.
EID Parry India · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Dwindling cane in Tamil Nadu and Andhra Pradesh is a drag on profitability; management is running tightly on cost but losses persist.
An analyst raised concerns about promoter holding at 41% and potential takeover risk; management declined to comment substantively.
White sugar prices fell from $500/ton to $420/ton, and raw sugar from 80¢/lb to 14¢/lb, pressuring export margins.
Management indicated that a sugar MSP increase is unlikely due to inflationary pressures, limiting revenue support.