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Jain Irrigation Systems has reported results for second quarter ended September 30, 2016.    

The company has reported net profit of Rs 4.69 crore for the quarter under review as compared to a net loss of Rs 5.68 crore for the same quarter in the previous year. However, total income of the company decreased by 14.58% at Rs 748.65 crore for the quarter under review as compared Rs 876.47 crore for the corresponding quarter previous year.   

On the consolidated basis, the company has reported net profit after taxes, Minority Interest & Share of Profit / (Loss) of Associates at Rs 28.05 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 5.42 crore for the same quarter in the previous year. Total Income of the company has increased by 8.58% to Rs 1479.10 crore for quarter under review from Rs 1362.16 crore for the quarter ended September 30, 2015.

In terms of the approval of the Board of Directors of the Company dated August 24, 2015, Shareholders' approval by way of postal ballot and pursuant the Business Transfer Agreement dated February 19, 2016 of any supplement or modification thereto, Jain Irrigation Systems Limited had sold the Indian Food Business to Jain Farm Fresh Foods (JFFFL) with effect from close of business hours on March 31, 2016 on slump sale basis as a going concern. Pursuant to the slump sale, the entire assets (whether movable or immovable, real or personal, corporeal or incorporeal, tangible or intangible, business and commercial rights, track record, employees etc.) and licenses, permits, certifications, liabilities of the Indian Food Business located in India are sold to JFFFL. Hence the standalone financials are not comparable.

Jain Irrigation Sys Share Price

33.05 -1.16 (-3.39%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
Supreme Industries 3705.80
Astral 1612.85
Finolex Inds 174.70
Nilkamal 1320.05
Jain Irrigation Sys 33.05
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