Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Jain Irrigation Systems Limited announces financial results for the quarter ended June 30, 2020

Posted On: 2020-09-16 00:32:49 (Time Zone: Arizona, USA)


Jain Irrigation Systems Limited, the largest Micro Irrigation Systems Company in the country and second largest globally, has announced unaudited standalone and consolidated results for the first quarter of FY 2021.

Highlights of Q1 FY 21:

- Consolidated Revenue was at INR 13,876 Mn in Q1 FY21,Standalone revenue was at 4,710 Mn
- Consolidated EBIDTA was at INR 777 Mn in Q1 FY21, Standalone EBITDA was at INR 86 Mn
- Consolidated PAT was at INR (1,586) Mn in Q1 FY21, Standalone PAT was at INR (1,029) Mn
- Global order book now stands at over INR 42 billion

Vice Chairman and Managing Director of the Company, Mr Anil Jain said: "A major part of this quarter was under lockdown due to the pandemic and our headquarter district of Jalgaon is one of the worst affected. We have taken various precautionary measures while running the operations at all our manufacturing locations and offices. Like other industries, this has impacted productivity on certain fronts as associates came in and out of quarantine due to safety protocols during this period. However, we maintained a steady pace of activity at the plants and offices/work from homes to ensure completion of a number of activities. In terms of performance, the India operations have done well with a turnover of Rs 500 crores by being within means and by selling on cash basis, though the capacity utilization has been expectedly low. The overseas operations have done comparatively better and continue to see a steady demand flow for the products.

Good progress has been made on the Debt Resolution activity in this period and we are inching closer to getting the India debt resolved with the lenders. We have coordinated various activities with the wide consortium of banks, auditors and advisors during these Covid times. Given these challenging conditions, the Company has delivered a reasonable performance of customer retention and cost reduction in most geographies. Our employees' health and safety has been our top priority, and we launched programs for safe return to work and wellness post April.

We have many things to look forward to in the remaining quarters of the year. The Management continues to make a good effort to turning around the fortunes of the Company. We pray that nature will soon help in overcoming the covid virus and things normalize."

Shares of JAIN IRRIGATION SYSTEMS LTD. was last trading in BSE at Rs.15.65 as compared to the previous close of Rs. 14.91. The total number of shares traded during the day was 2468947 in over 2183 trades.

The stock hit an intraday high of Rs. 15.65 and intraday low of 15.15. The net turnover during the day was Rs. 38486716.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

ISGEC Heavy Engineering Ltd bags order for 100th unit of CFBC Boiler

Century Plyboards (India) Ltd to set up new unit in Punjab

Hero MotoCorp to increase prices of motorcycles and scooters from July 1, 2021

Baid Leasing & Finance Company Ltd Board recommends Final Dividend of Rs. 0.50

Jindal Worldwide Ltd Board approves Dividend of Rs. 0.05

Donear Industries Ltd Board approves Dividend of Rs. 0.20

Bharat Electronics Ltd Board approves Dividend of Rs. 1.20

GE Power India Ltd board recommends dividend of Rs. 1

Indian Toners and Developers Ltd board recommends dividend of Rs. 3

Centrum Capital Ltd board approves enabling resolution for raising funds

Delta Manufacturing Limited executes sale deed for land sale

TCS Recognized as a Global Leader in Engineering R&D Services by Zinnov

Sobha Ltd Board recommends dividend of Rs. 3.50

Indo Tech Transformers Ltd Q4FY21 net profit zooms to Rs. 13.66 crore

Omax Autos Ltd Q4FY21 net profit at Rs. 20.18 crores

NMDC Ltd reports consolidated net profit of Rs. 2835.54 crores in Q4FY21

ITI Ltd Q4FY21 consolidated PAT at Rs. 199.65 crores

Baid Leasing and Finance Co. Ltd. Q4FY21 PAT at Rs. 1.72 crore

Bharat Electronics Ltd reports consolidated Q4FY21 net profit of Rs. 1368.09 crores

Donear Industries Ltd posts net profit of Rs. 4.35 crore in Q4FY21

Available Finance Ltd Q4FY21 consolidated net profit at Rs. 37.03 crore

Kilitch Drugs India Ltd Q4FY21 consolidated PAT at Rs. 70.85 lakhs

GE Power India Ltd posts Rs. 16.02 crores consolidated PAT in Q4FY21

AMD Industries Ltd Q4FY21 PAT surges to Rs. 5.08 crore

Machino Plastics Ltd posts higher net profit of Rs. 2.67 crore in Q4 FY2020-21

Aneri Fincap Ltd Q4FY21 net profit at Rs. 8.05 lakhs

Eurotex Industries and Exports Ltd Q4 PAT at Rs. 81.21 lakhs

Centrum Capital Ltd Q4FY21 consolidated net loss at Rs. 11.71 crore

Sobha Limited posts consolidated PAT of Rs. 17.9 crores in Q4 FY2020-21

Indian Toners and Developers Ltd Q4FY21 consolidated PAT at Rs. 3.27 crore

Kimia Biosciences Ltd Q4FY21 net loss at Rs. 90.62 lakhs

Jaypee Infratech Ltd Q4FY21 consolidated PAT at Rs. 491.60 crores

Vibrant Global Capital Ltd Q4FY21 consolidated PAT rises to Rs. 15.91 crore

Gandhi Special Tubes Ltd Board approves dividend of Rs. 9

Bombay Oxygen Investments Ltd board recommends dividend of Rs. 20

PNB Gilts Ltd board recommends final dividend of Rs. 3

Ashapura Minechem Ltd board recommends final dividend of Rs. 0.50

Avanti Feeds Ltd Board recommends Final Dividend of Rs. 6.25

ICRA assigns Issuer Rating to Amber Enterprises India Limited

Minda Industries to acquire 51% stake in UzChasys, leading automotive lighting manufacturer

Symphony Limited appoints Mr. Amit Kumar as an Executive Director and Group CEO

Century Panels Ltd to set up new MDF plant in Andhra Pradesh

Sastasundar Ventures Ltd Q4FY21 consolidated loss at Rs. 6.04 crore

Adinath Exim Resources Ltd Q4 FY2021 net profit at Rs. 1.84 lakhs

Prabhu Steel Industries Ltd Q4FY21 net profit at Rs. 1.18 crore

Gandhi Special Tubes Ltd posts Q4FY21 PAT at Rs. 12.81 crore

Bombay Oxygen Investment Ltd Q4FY21 PAT at Rs. 9.88 crores

PNB Gilts Ltd posts loss of Rs. 14.13 crores in Q4FY21

Ashapura Minechem Ltd reports consolidated PAT of Rs. 33.78 crores in Q4FY21

B L Kashyap and Sons Ltd Q4FY21 consolidated loss at Rs. 36.58 crore


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020