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Jain Irrigation Systems reports net loss of Rs 31.17 crore in Q3

05 Feb 2013

Jain Irrigation Systems has reported results for third quarter ended December 31, 2012.

The company has reported a net loss of Rs 31.17 crore for the quarter as compared to a net profit of Rs 1.24 crore for the same quarter in the previous year. Total income of the company has decreased 6.78% at Rs 781.74 crore for quarter under review as compared to Rs 838.58 crore for the quarter ended December 31, 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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