Jain Irrigation Systems reports net loss of Rs 16.88 crore in Q1

16 Aug 2012

Jain Irrigation Systems has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has reported a net loss of Rs 16.88 crore for the quarter ended June 30, 2012 against net profit of Rs  82.35 crore for the corresponding period last fiscal. Total income decreased by 8.76% at Rs 870.24 crore during the quarter under review from Rs 953.75 crore in the year-ago period.

JISL is a farmer-centric company and micro irrigation has been its mainstay since the mid-1980s. The company has pioneered a green revolution through micro-irrigation technology, which comprises mainly of drip and sprinkle systems.

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