Jain Irrigation Systems Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 26, 2023 at 04:38 am EDT
Share
Jain Irrigation Systems Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 17,454.1 million compared to INR 13,727.4 million a year ago. Revenue was INR 17,465.8 million compared to INR 13,734.6 million a year ago. Net income was INR 9,768.4 million compared to INR 2,778.2 million a year ago. Basic loss per share from continuing operations was INR 1.69 compared to basic earnings per share from continuing operations of INR 5.17 a year ago. Basic earnings per share was INR 15.73 compared to INR 5.24 a year ago. Diluted earnings per share was INR 15.48 compared to INR 5.09 a year ago.
For the full year, sales was INR 57,475.8 million compared to INR 47,333.4 million a year ago. Revenue was INR 57,618 million compared to INR 47,499.4 million a year ago. Net income was INR 8,277 million compared to INR 3,248.7 million a year ago. Basic loss per share from continuing operations was INR 2.01 compared to basic earnings per share from continuing operations of INR 2.46 a year ago. Basic earnings per share was INR 13.33 compared to INR 6.15 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.