Jain Irrigation Systems Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 11, 2022 at 03:41 am EST
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Jain Irrigation Systems Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 16,075.5 million compared to INR 16,445.9 million a year ago. Revenue was INR 16,202.1 million compared to INR 16,500.3 million a year ago. Net loss was INR 907 million compared to net income of INR 1,066.6 million a year ago. Basic loss per share from continuing operations was INR 1.44 compared to basic earnings per share from continuing operations of INR 2.07 a year ago. Diluted loss per share from continuing operations was INR 1.44 compared to diluted earnings per share from continuing operations of INR 2.07 a year ago.
For the six months, sales was INR 36,503.7 million compared to INR 34,221.1 million a year ago. Revenue was INR 36,634.4 million compared to INR 34,336.1 million a year ago. Net loss was INR 1,003 million compared to net income of INR 1,189.5 million a year ago. Basic loss per share from continuing operations was INR 1.6 compared to basic earnings per share from continuing operations of INR 2.31 a year ago. Diluted loss per share from continuing operations was INR 1.6 compared to diluted earnings per share from continuing operations of INR 2.31 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.