Jain Irrigation Systems Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 13,577.7 million compared to INR 15,040.3 million a year ago. Revenue was INR 13,639.2 million compared to INR 15,264.3 million a year ago. Net income was INR 98.4 million compared to net loss of INR 488.5 million a year ago. Basic earnings per share from continuing operations was INR 0.14 compared to basic loss per share from continuing operations of INR 0.13 a year ago. Diluted earnings per share from continuing operations was INR 0.12 compared to diluted loss per share from continuing operations of INR 0.13 a year ago.
For the nine months, sales was INR 44,207.3 million compared to INR 40,021.7 million a year ago. Revenue was INR 44,326.7 million compared to INR 40,776.6 million a year ago. Net income was INR 540.3 million compared to net loss of INR 1,491.5 million a year ago. Basic earnings per share from continuing operations was INR 0.81 compared to basic loss per share from continuing operations of INR 1 a year ago. Diluted earnings per share from continuing operations was INR 0.77 compared to diluted loss per share from continuing operations of INR 1 a year ago.