Jain Irrigation Systems Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 11:20 am
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Jain Irrigation Systems Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 13,619.2 million compared to INR 10,819.8 million a year ago. Revenue was INR 13,638 million compared to INR 11,113.9 million a year ago. Net income was INR 87.6 million compared to net loss of INR 907 million a year ago. Basic earnings per share from continuing operations was INR 0.11 compared to basic loss per share from continuing operations of INR 0.32 a year ago. Diluted earnings per share from continuing operations was INR 0.1 compared to diluted loss per share from continuing operations of INR 0.32 a year ago. Basic earnings per share was INR 0.11 compared to basic loss per share of INR 1.44 a year ago. Diluted earnings per share was INR 0.1 compared to diluted loss per share of INR 1.44 a year ago.
For the six months, sales was INR 30,629.6 million compared to INR 24,981.4 million a year ago. Revenue was INR 30,687.5 million compared to INR 25,512.4 million a year ago. Net income was INR 441.9 million compared to net loss of INR 1,003 million a year ago. Basic earnings per share from continuing operations was INR 0.67 compared to basic loss per share from continuing operations of INR 0.2 a year ago. Diluted earnings per share from continuing operations was INR 0.65 compared to diluted loss per share from continuing operations of INR 0.2 a year ago. Basic earnings per share was INR 0.67 compared to basic loss per share of INR 1.6 a year ago. Diluted earnings per share was INR 0.65 compared to diluted loss per share of INR 1.6 a year ago.
Jain Irrigation Systems Limited is an India-based micro-irrigation company. The Company is engaged in providing solutions in agriculture, piping and infrastructure through manufacturing of micro irrigation systems, polyvinyl chloride (PVC) Pipes, high density polyethylene (HDPE) pipes, plastic sheets, agro processed products, renewable energy solutions, tissue culture plants, financial services and other agricultural inputs. Its segments include Hi-tech Agri Input Products division, which include micro and sprinkler irrigation, solar Agri pump, integrated irrigation projects and tissue culture plants; Plastic division, which includes PVC piping products, polyethylene piping products, piping projects and plastic sheets; Agro Processing division, which includes fruits, onion products and biogas, and Other business division, which includes equipment manufacturing, solar thermal products, solar photovoltaic grid and off grid products and also includes solar power generation investments.