Jain Irrigation Systems Ltd. Reports Q1 FY25 Financial Results with Steady Growth

Jain Irrigation Systems Ltd. has released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2024. The financial report, approved by the Board of Directors, highlights the company's steady performance across its diverse business segments, despite global economic challenges.

Financial Results Overview
On July 31, 2024, the Board of Directors of Jain Irrigation Systems Ltd. met in Mumbai and via video conferencing to review and approve the financial results for Q1 FY25. The report reflects both standalone and consolidated figures, showcasing the company’s continued commitment to growth and innovation in the agriculture and irrigation sectors.

Key Financial Highlights

• Revenue from Operations: Jain Irrigation reported revenue of ₹85,691 lakh for the standalone segment and ₹1,47,786 lakh for the consolidated segment, indicating a strong performance across all business divisions.
• Profit Before Tax: The company recorded a profit before tax of ₹687 lakh (standalone) and ₹1,555 lakh (consolidated), demonstrating resilience despite challenging market conditions.
• Segment Performance:
  • Hi-tech Agri Input Products: ₹44,180 lakh in standalone revenue, with ₹7,436 lakh profit before tax.
  • Plastic Division: ₹41,163 lakh in standalone revenue, with ₹5,006 lakh profit before tax.
  • Agro Processing Division: ₹46,490 lakh in consolidated revenue, showing consistent performance.

Comprehensive Financial Review

The unaudited financial results, prepared in accordance with Indian Accounting Standards (Ind AS), were subjected to a limited review by the company’s statutory auditors, Singhi & Co., Chartered Accountants. The auditors issued an unmodified opinion on the financial statements, confirming the accuracy and transparency of the reported figures.

Additional Financial Notes

• Foreign Exchange Gain: The company benefited from a foreign exchange gain of ₹225 lakh during the quarter, contributing positively to the overall financial performance.
• Employee Benefits and Depreciation: Expenses related to employee benefits and depreciation remained stable, reflecting the company’s commitment to operational efficiency.

Publication and Compliance

In compliance with SEBI regulations, Jain Irrigation will publish the financial results in widely circulated newspapers, ensuring that shareholders and the public remain informed about the company’s financial health. The full financial report is also available on the company’s official website.

Conclusion

Jain Irrigation Systems Ltd.'s Q1 FY25 financial results underscore the company's robust performance across its business segments. The company's ability to maintain profitability and revenue growth, despite economic headwinds, reflects its strategic focus on innovation and efficiency. Stakeholders are encouraged to review the full financial report to gain deeper insights into the company’s operations and future outlook.