Welcome to Jain Irrigation Systems Ltd.
Particulars | 3Q FY24 (Standalone) |
3Q FY23 (Standalone) |
3Q FY24 (Consolidated) |
3Q FY23* (Consolidated) |
Revenue | 8,053 | 9,829 | 13,578 | 15,040 |
EBIDTA | 1,177 | 1,435 | 1,774 | 1,853 |
PAT | 18 | 225 | 86 | (83) |
Particulars | 9M FY24 (Standalone) |
9M FY23 (Standalone) |
9M FY24 (Consolidated) |
9M FY23* (Consolidated) |
Revenue | 27,559 | 24,475 | 44,207 | 40,022 |
EBIDTA | 3,859 | 3,298 | 5,916 | 4,854 |
PAT | 304 | 47 | 535 | (161) |
*Result from continuing operations
Jain Irrigation Systems Limited, a well-diversified and fully integrated Agri-value chain business company in the country, has announced its un-audited Standalone and Consolidated results for the quarter and nine months ended on December 31, 2023.
Standalone Performance Overview: 3Q FY24
Standalone Performance Overview: 9M FY24
Consolidated Performance Overview: 3QFY24:
Consolidated Performance Overview: 9MFY24:
Vice Chairman and Managing Director of the Company, Mr Anil Jain said:
India is witnessing challenges due to global warming which is resulting in untimely rains and drought conditions impacting agriculture and related businesses. It has impacted farmers doing value added agriculture as well.
For the first 9 months, Company has posted double digit growth in revenue & much higher level growth in EBITDA across all business segments.
In last quarter, overall demand from rural segment has remained subdued. There was a noticeable decrease in liquidity among farmers, stemming from a decline in the market prices of key commodities such as cotton. Even though India’s long term story of robust consumption remains intact, the company witnessed lower demand in its key markets like Maharashtra & Southern India resulting in lower revenue during the quarter. In addition, Company has de-growth in revenue as its project business has reduced as per declared strategy. However, with our focus on retail and innovative products, the company could maintain it’s earnings.
We believe this is temporary and the demand will revive in next few quarters. Structurally we are moving in right direction with sustained growth and optimum leverage under new business model.
About Jain Irrigation
Our Company, Jain Irrigation Systems Limited (JISL) with its motto ‘Small Ideas, Big Revolutions’ with more than 9,000 associates worldwide and revenue of ₹ 57 Bn, is an Indian multinational company with manufacturing plants in 19 locations across the globe. JISL, its subsidiaries and associates are engaged in manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial Services and other agricultural inputs since more than 34 years. It has pioneered a silent productivity revolution with modern irrigation systems and innovative technologies in order to save precious water and has helped to get significant increase in crop yields, especially for millions of the small farmers. It has also ushered in new concept of large scale Integrated Irrigation Projects (IIP). ‘More Crop Per Drop™’ is the company’s approach to water security and food security. All the products & services of JISL help create sustainable future while fulfilling its vision ‘Leave this world better than you found it’. JISL is listed in NSE Mumbai at JISLJALEQS and in BSE at code 500219. Please visit us at www.jains.com
DISCLAIMER
The information in this release has been included in good faith and is for general purposes only. It should not be relied upon for any specific purpose and no representation or warranty is given as regards to its accuracy or completeness. No information in this press release shall constitute an invitation to invest in Jain Irrigation Systems Limited. Neither Jain Irrigation Systems Limited, nor their or their affiliates officers, employees or agents shall be liable for any loss, damage or expense arising out of any action taken on the basis of this release, including, without limitation, any loss of profit, indirect, incidental or consequential loss.