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

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.