Jain Irrigation Systems reports 76% fall in Q4 net profit

29 May 2013

Jain Irrigation Systems reported results for the fourth quarter and year ended March 31, 2013.

The company has reported a fall of 75.80% in its net profit at Rs 41.90 crore in Q4FY13 as compared to net profit of Rs 173.12 crore in the same quarter previous year.  However, total income from operation of the company has increased by 4.08% to Rs 1292.43 crore as compared to Rs 1241.80 crore in corresponding quarter last year.

For the year ended March 31, 2013, the company has registered 88.78% fall in its net profit at Rs 30.11 crore in FY13 as against Rs 268.29 crore in previous years. Total income from operation of the company has decreased to Rs 3561.35 crore as compared to Rs 3812.38 crore in FY12, down by 6.59%.

On consolidated basis, for the full year ended March 31, 2013, the company has posted a 98.62% fall in its net profit at Rs 3.08 crore under year under review as compared to Rs 223.49 crore in FY12. However, total income has increased by 2.70% at Rs 5088.49 crore for year under review as compared to Rs 4954.61 crore for the period ended March 31, 2012.

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