Jain Irrigation Systems posts ₹1.22 cr net loss in Dec qtr; revenue grows slightly
1 month, 3 weeks ago

Jain Irrigation Systems posts ₹1.22 cr net loss in Dec qtr; revenue grows slightly

Live Mint  

New Delhi, Jan 30 Jain Irrigation Systems Ltd on Thursday reported a consolidated net loss of ₹1.22 crore for the quarter ended December. Jain Irrigation Systems Vice Chairman and Managing Director Anil Jain said, "In the third quarter of FY25, the company reported a flattish performance with improvement in EBITDA margin." He said the company expects strong performance in the next few quarters in most of our key areas, including revenue from piping, solar systems solutions and international sales. "Despite the challenges in the broader economic environment, the company is well-positioned for continued growth with a focus on improving margins and cash flow," Jain added.

Jain Jain Irrigation Jain Irrigation Systems  net  performance  slightly  reported  revenue  loss  jain  posts  cash  irrigation  qtr  company  crore  strong  quarter  grows  systems

History of this topic

Jain Irrigation Systems cut to ‘selective default’ by S&P
5 years, 5 months ago

Jain Irrigation Systems cut to ‘selective default’ by S&P

Live Mint  

An Indian irrigation firm has been cut to “selective default” by S&P Global Ratings, as more cracks emerge in the India offshore junk bond market. Jain Irrigation Systems Ltd. missed certain principal payments under its working capital facilities and S&P sees a “high likelihood” that the company would be classified a nonperforming asset by its bankers. “In our view, there …

Jain Irrigation’s investors are feeling the burden of high debt
5 years, 9 months ago

Jain Irrigation’s investors are feeling the burden of high debt

Live Mint  

The pile of debt sitting on Jain Irrigation Systems Ltd’s balance sheet is not a new problem. Deutsche Bank analysts said in a report on 30 May, “We see Jain Irrigation as being caught in a debt trap as working capital and interest payments have been eating into operating cash flows, leaving negligible amounts for debt repayments.” Jain Irrigation said …

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