Jain Irrigation Systems Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 11,919.7 million compared to INR 13,619.2 million a year ago. Revenue was INR 12,012.2 million compared to INR 13,631.7 million a year ago. Net loss was INR 99.1 million compared to net income of INR 87.6 million a year ago. Basic loss per share from continuing operations was INR 0.14 compared to basic earnings per share from continuing operations of INR 0.11 a year ago. Diluted loss per share from continuing operations was INR 0.14 compared to diluted earnings per share from continuing operations of INR 0.1 a year ago.
For the six months, sales was INR 26,698.3 million compared to INR 30,629.6 million a year ago. Revenue was INR 26,804.6 million compared to INR 30,667.2 million a year ago. Net income was INR 36.8 million compared to INR 441.9 million a year ago. Basic earnings per share from continuing operations was INR 0.05 compared to INR 0.67 a year ago. Diluted earnings per share from continuing operations was INR 0.05 compared to INR 0.65 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.
