Jain Irrigation Systems Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 13, 2021 at 02:11 am EST
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Jain Irrigation Systems Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 16,445.9 million compared to INR 12,024.4 million a year ago. Revenue was INR 16,500.3 million compared to INR 12,054 million a year ago. Net income was INR 1,066.6 million compared to net loss of INR 1,686.1 million a year ago. Basic earnings per share from continuing operations was INR 2.07 compared to basic loss per share from continuing operations of INR 2.95 a year ago. Basic earnings per share was INR 2.07 compared to basic loss per share of INR 3.27 a year ago.
For the six months, sales was INR 34,221.1 million compared to INR 25,413.2 million a year ago. Revenue was INR 34,336.1 million compared to INR 25,498.9 million a year ago. Net income was INR 1,189.5 million compared to net loss of INR 3,254.8 million a year ago. Basic earnings per share from continuing operations was INR 2.31 compared to basic loss per share from continuing operations of INR 0.87 a year ago. Basic earnings per share was INR 2.31 compared to basic loss per share of INR 6.31 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.