Jain Irrigation Systems Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- Jain Irrigation Systems Ltd reported a 13.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 0.1%.
- Its expenses for the quarter were up by 11.5% QoQ and 0.1% YoY.
- The net profit decreased 90.7% QoQ and decreased 114.2% YoY.
- The earnings per share (EPS) of Jain Irrigation Systems Ltd - at - during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1362.63 | 1201.22 | 1363.92 | 13.4% | -0.1% |
Total Expenses | 1361.36 | 1220.47 | 1359.71 | 11.5% | 0.1% |
Profit Before Tax | 1.27 | -19.25 | 4.21 | -106.6% | -69.8% |
Tax | 2.65 | -3.60 | 2.34 | -173.6% | 13.2% |
Profit After Tax | -1.22 | -13.18 | 8.59 | -90.7% | -114.2% |
Earnings Per Share | 0.00 | -0.10 | 0.10 | -100.0% | -100.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Jain Irrigation Systems Ltd is a diversified entity that operates primarily in the agriculture and irrigation industry. The company is known for its pioneering efforts in micro-irrigation systems, which are crucial for water conservation and efficient farming practices. In addition to irrigation solutions, Jain Irrigation manufactures and markets a range of plastic products, agro-processed products, and is also involved in renewable energy solutions. The company has also made strides in the food processing segment, particularly in the production of dehydrated foods and fruit purees. Recent developments within the company are not available in the provided data, but its core focus remains on sustainable agricultural solutions and technological advancements in irrigation.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Jain Irrigation Systems Ltd reported a total income of ₹1362.63 crores. This represents a quarter-over-quarter (QoQ) increase of 13.4% from ₹1201.22 crores in Q2FY25. However, when compared year-over-year (YoY), total income showed a marginal decrease of 0.1% from ₹1363.92 crores in Q3FY24. This indicates a stable revenue stream over the year despite quarterly fluctuations. The revenue data reflects the company's continued operation in its core business areas, maintaining its position in the irrigation and agro-processing markets.
Profitability
The company's profitability metrics for Q3FY25 show a turbulent performance. Jain Irrigation reported a profit before tax of ₹1.27 crores, a significant improvement from a loss of ₹19.25 crores in the previous quarter. However, this figure represents a decline from ₹4.21 crores in Q3FY24, indicating a YoY decrease of 69.8%. After accounting for taxes, the company recorded a loss of ₹1.22 crores in Q3FY25, which is an improvement from the loss of ₹13.18 crores in Q2FY25 but a decline from a profit of ₹8.59 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 was neutral at 0.00, compared to -0.10 in Q2FY25 and 0.10 in Q3FY24, reflecting the company's fluctuating financial performance over the past year.
Operating Metrics
Operating metrics for Jain Irrigation Systems Ltd show that total expenses in Q3FY25 stood at ₹1361.36 crores, up 11.5% QoQ from ₹1220.47 crores in Q2FY25, and a slight increase of 0.1% YoY from ₹1359.71 crores in Q3FY24. This increase in expenses aligns with the rise in total income on a quarterly basis, but the minimal YoY increase in expenses suggests effective cost control measures relative to revenue. The tax expense for Q3FY25 was ₹2.65 crores, contrasting with a tax credit of ₹3.60 crores in Q2FY25 and an expense of ₹2.34 crores in Q3FY24, indicating variations in tax liabilities consistent with profitability changes. These operating metrics highlight the company's efforts in managing operational costs amid fluctuating income levels.
