EID Parry, a part of the Murugappa Group, has announced the payment of a second interim dividend of ₹4 per equity share for the financial year 2022-23, representing a 400% dividend on the face value of Re 1. 

The board of directors of the company approved the dividend, which will be paid to those shareholders whose names appear in the register of members of the company as on the record date, which has been set for April 21, 2023. The interim dividend will be paid on or after May 3, but within 30 days from the date of declaration.

The 225-year-old sugar company has nine sugar plants across South India with a total sugarcane crushing capacity of 43,400 Tons of Cane per Day, a distillery capacity of 234-kilo litre per day and a co-generation capacity of 160 MW. 

In November 2022, EID Parry traded ex-dividend for payment of ₹5.50 per share interim dividend for FY23. It is the second interim dividend declared in FY23. The company has been declaring dividends for the last seven years, except for 2014 and 2016.

For the December 2022 quarter, the company reported revenue of ₹727 crores, compared with ₹686 crores in the same period of the previous year. The company’s EBITDA for the quarter was ₹63 crore, while PAT came in at ₹16 crores.