E I D Parry India : Press Release 31 December 2016

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February 7, 2017

E.I.D. - Parry (India) Limited

Regd.Office : Dare House, 234,N.S.C. Bose Road, Parrys Corner, Chennai 600 001,India.Tel : [phone] Fax : [phone]

CIN : L24211TN1975PLC006989

Website :www.eidparry.com

National Stock Exchange of India Ltd Exchange Plaza, 5th Floor

Plot No.C/1, G. Block

Band ra Kurla Complex, Band ra (E)M u m bai -400 051

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street, Fort,

M u m bai - 400 001.

Scrip Code: EIDPARRY Scrip Code No: 500125

Dear Sirs,

We enclose a copy of Press Release issued in connection with Unaudited Standalone and Consolidated Financial Results of the company for the quarter and nine month ended December 31, 2016 approved by the Board today.

Yours faithfully

For E.I.D.- PARRY (INDIA) LIMITED

'

G.JALAJA

Company Secretary

Encl.: a/a

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E.I.D. - Parry (India) Limited

Regd.Office : Dare House, 234,N.S.C. Bose Road, Parrys Corner, Chennai 600 001, India. Tel : [phone] Fax : [phone] I25340858

CIN : L24211TN1975PLC006989

Website : www.eidparry.com

Press Release -E.I.D.-Parry Ondia)Ltd.

Financial Results

Chennai, February 7, 2017: EID Parry (India) Limited, one of the largest manufacturers of Sugar in India, has reported financial results for the quarter and nine months ended 31st December 2016.

Standalone performance for the quarter and nine months ended 31st December 2016:

The turnover for the quarter ended 31st December 2016 was Rs.542 Crore in comparison to the corresponding quarter of previous year of Rs.619 Crore. Profit before depreciation, interest and taxes (EBITDA) for the quarter was Rs.70 Crore in comparison to the corresponding quarter of previous year of Rs.14 Crore. Standalone profit after tax for the quarter was Rs.12 Crore as against loss after tax of Rs.43 Crore in corresponding quarter of previous year.

The turnover for the nine months ended 31st December 2016 was Rs.1,699 Crore in comparison to the corresponding nine months ended of previous year of Rs. I,700 Crore. Profit before depreciation, interest and taxes (EBITDA) for the nine months ended 31st December 2016 was Rs.317 Crore in comparison to Loss before depreciation, interest and taxes (EBITDA) of Rs.39 Crore in the corresponding nine months ended of previous year. Standalone profit after tax for the nine months ended was Rs.119 Crore as against Loss after tax of Rs.215 crore in corresponding nine months of previous year.

Consolidated performance for the quarter and nine months ended 31st December 2016 :

The consolidated turnover for the quarter ended 31st December 2016 was Rs.3,509 Crore, registering a reduction of 9% in comparison to the corresponding quarter of previous year of Rs.3,855 Crore. Profit before depreciation, interest and taxes (EBITDA) and before exceptional item for the quarter ended 31st December 2016 was Rs.403 Crore registering an increase of 82% in comparison to the corresponding quarter of previous year of Rs.221 Crore. Consolidated profit after tax and minority interest was Rs. 132 Crore compared to Rs.6 Crore in corresponding quarter of previous year.

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The consolidated turnover for the nine months ended 31st December 2016 was Rs.11,227 Crore registering a growth of 2% against corresponding nine months ended of the previous year of Rs.1 1,043 Crore. Profit before depreciation, interest and taxes (EBITDA) and before exceptional item for the nine months ended 31st December 2016 was Rs. I , 1 14 Crore against corresponding nine months ended of the previous year of Rs.537 Crore. Consolidated profit after tax and minority interest was Rs.273 Crore as against a loss of Rs.166 crore in corresponding nine months ended of the previous year.

Sugar Division

The Consolidated Sugar operations reported a Profit before Interest and Tax of Rs.101 Crore (corresponding quarter of previous year: Loss of Rs.15 Crore) for the quarter.

Farm Inputs Division

The Consolidated Farm Input operations reported a Profit before Interest and Tax of Rs.235 Crore (corresponding quarter of previous year: Rs.172 Crore) for the quarter.

Bio-prod ucts

For the quarter, Bio-products Division (comprising Bio-Pesticides and Nutraceuticals) registered a Profit before Interest and Tax of Rs.5 Crore (corresponding quarter of previous year of Rs.11 Crore).

Mr. V Ramesh, Managing Director commenting on the standalone results mentioned that

"The Company reported a positive PBT and improved Financial Results for the Third Quarter in running, for the Financial Year 2016-17.The operating performanc.e witnessed a few positi ve and adverse factors, some of which wi ll have an impact on the Financials going forward. In respect of the Sugar Segment, the positives were on Sugar Prices, signing of PPA Agreements in Tamil Nadu and Karnataka and prices of some Distillery end products. Although the overall Cane crushing volumes were not impacted during the Quarter, Q4 Cane crush volumes are expected to come down due to lower cane availabili ty i n Karnataka and Tamil Nadu, due to drought conditions. This wi l l impact the sugar production and consequently sales volumes, commencing from Q4. Thi s will also reduce power export and could have an impact on Distillery volumes. The Bio Segment witnessed a steady performance of the N utraceuticals busi ness; however, the Bio Pesticides Segment was impacted on the top l ine by lower sales due to drought conditions, particularl y in the Southern States and on profitabi l ity i n addition due to h igher seeds cost. The Company contin ues to pursue and progress its i nitiatives on new prod ucts for the Bio Segments,Efficiency Improvements across al l

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segments and lower interest costs through tight Working Capital management and prudent Capital Expenditure Policies."

About E.I.D. - Parry (India) Limited

E.I.D. Parry is a significant player in Sugar with interests in promising areas of Bio Pesticides and Nutraceuticals. E.I.D Parry was incorporated in 1975. The company also has a significant presence in Farm Inputs business through its subsidiary, Coromandel International Limited. EID Parry has a 100% stake in Parry Sugars Refinery India Private Limited, 93.52% stake in US Nutraceuticals LLC, USA and a 65% stake in Parrys Sugar Industries Limited.

EID Parry, together with its subsidiaries, has nine sugar factories having a capacity to crush 39000 Tonnes of Cane per day, generate 160 MW of power and four distilleries having a capacity of 230KLPD. In the Bio Pesticides business, the Company offers a unique neem extract, Azadirachtin, having a good demand in the developed countries' bio pesticide markets. In the Nutraceuticals business, it holds a strong position in the growi ng wellness segment mainly catering to the world markets with its organic products.

About the Murugappa Group

Founded in 1900, the INR 295 Billion Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE &BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Parrys Sugar Industries Ltd., Shanthi Gear Ltd., Tube [nvestments of India Ltd., and Wendt (India) Ltd.

Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles,Sugar, Farm Inputs, Fertil isers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong al liances with leading international companies l i ke Groupe Chimiq ue Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Quin;.ica y Minera de Chile (SQM),Yanmar & Co.and and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence al l over Indi a and spanning 6 continents.

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