Particulars | Q1 FY20 (Consolidated) |
Q1 FY19 (Consolidated) |
Q1 FY20 (Consolidated) |
Q1 FY19 (Consolidated) |
Revenue | 18,913 | 20,611 | 8,281 | 10,620 |
EBIDTA | 2,695 | 2,908 | 1,617 | 1,903 |
PAT | 221 | 852 | 163 | 436 |
Jain Irrigation Systems Limited, the largest Micro Irrigation Systems Company in the country and second largest globally, has announced un-audited standalone and consolidated results for first quarter of FY 2020.
Highlights of Q1:
Operations profitable in the first quarter with better margins
Underlying robustness maintained, with slight deferral in execution
Revenue decrease marginal despite headwinds faced by the Company
Consolidated EBIDTA at INR 2,695 Mn
Global order book at INR 46,375 Mn
The Vice Chairman and Managing Director of the Company, Mr Anil Jain said:
"We are pleased to share the unaudited first quarter result for period ending 30th June, 2019. The
Company has fared reasonably well in the first quarter as is reflected in the profitability numbers. This
is despite certain headwinds faced in last few months. We have mentioned about these challenges in
our communications in June 2019. The Company is focused in the short run to resolve the Balance
Sheet and cash flow related issues. The underlying fundamentals of the business are undoubtedly
robust. The Company has already started work on its stated objective of significant deleveraging. We
are making efforts to correct the present situation in the coming months. This is also based on our
belief that the financial ecosystem will turn more conducive sooner than later. We are optimistic that a
good monsoon and the various initiatives announced by the Government in water infrastructure and
irrigation sectors would give us enough opportunities to serve the economy in the medium and long
term in a sustainable manner".
About Jain Irrigation
Our Company, Jain Irrigation Systems Limited (JISL) with it’s motto ‘Small Ideas, Big Revolutions’ with more than 12,200
associates worldwide and revenue of ∼USD 1.2 Bn, is an Indian multinational company with manufacturing plants in 33
locations across the globe. JISL, its subsidiaries and associates are engaged in manufacturing of Micro Irrigation Systems, PVC
Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial
Services and other agricultural inputs since more than 34 years. It has pioneered a silent Productivity Revolution with modern
irrigation systems and innovative technologies in order to save precious water and has helped to get significant increase in
crop yields, especially for millions of the small farmers. It has also ushered in new concept of large scale Integrated Irrigation
Projects (IIP). ‘More Crop Per Drop™’ is the company’s approach to water security and food security. All the products &
services of JISL help create sustainable future while fulfilling its vision ‘Leave this world better than you found it’. JISL is listed
in NSE-Mumbai atJISLJALEQS and in ESE at code 500219.
DISCLAIMER:
The information in this release has been included in good faith and is for general purposes only. It should not be relied upon
for any specific purpose and no representation or warranty is given as regards to its accuracy or completeness. No information
in this press release shall constitute an invitation to invest in Jain Irrigation Systems Limited. Neither Jain Irrigation Systems
Limited, nor their or their affiliates’ officers, employees or agents shall be liable for any loss, damage or expense arising out of
any action taken on the basis of this release, including, without limitation, any loss of profit, indirect, incidental or
consequential loss.
Head Office: Jain Plastic Park, NH No.6 Bambhori, Jalgaon 425001.Maharashtra, India. Tel: +91 257 225 8011., CIN : L29120MH1986PLC042028.
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