Jain Irrigation Systems reports three fold jump in Q2 net profit

12 Nov 2012

Jain Irrigation Systems has reported results for second quarter ended September 30, 2012.

The company has reported over three fold jump in its net profit at Rs 36.25 crore for the quarter ended September 30, 2012 as compared to Rs 11.57 crore for the same quarter in the previous year. Total income of the company has decreased by 20.73% at Rs 616.93 crore for quarter under review as compared to Rs 778.25 crore for the quarter ended September 30, 2011.

Jain Irrigation 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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