Jain Irrigation Systems, the world’s second-largest drip irrigation firm, has reported a fall of 98% in its net profit to Rs 1.24 crore for the third quarter ended December, due to foreign exchange loss. The company had posted net profit of Rs 71.47 crore in the October-December quarter in 2010-11.

However, net sales of the company grew 18% to Rs 816.35, as against Rs 693.26 crore in Q3, 2010-11. The total income rose 13.15% to Rs 832.98 crore, as against Rs 736.11 crore.

The company manufactures drip and sprinkler irrigation systems, besides agro-processed products like dehydrated vegetables and fruits.

Related Jain Irrigation Systems Ltd. Links:

Jain Irrigation Sys Share Price

14.22 -0.24 (-1.66%) Oct 23, 18:03
1 Year Price Chart
Company Name CMP
Supreme Industries 1417.50
Jain Irrigation Sys 14.22
Uflex 339.85
Jindal Poly Films 471.00
Finolex Inds 530.10
View more..
Sensex vs Jain Irrigation Sys
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719