**Jain Irrigation Systems Reports Consolidated Net Loss for Q3**
New Delhi, Jan 30 – Jain Irrigation Systems Ltd announced a consolidated net loss of ₹1.22 crore for the quarter ending December, a decline from a net profit of ₹8.59 crore during the same period last year. According to a regulatory filing, total income for the third quarter of the current fiscal year increased to ₹1,362.63 crore, compared to ₹1,357.63 crore in the corresponding quarter of the previous year.
Anil Jain, Vice Chairman and Managing Director of Jain Irrigation Systems, commented on the company’s performance, stating, “In the third quarter of FY25, we experienced a stable performance with an improvement in EBITDA margin.” He highlighted that over the past nine months, the company has generated significant cash from operations, which has been utilized to reduce debt and prepare for future growth.
Jain expressed optimism about a recovery in consumption and increased government capital expenditure, bolstered by strong agricultural production and a resilient services sector. He emphasized the company’s commitment to enhancing retail sales, improving cash flow, and consistently increasing operating margins.
Looking ahead, Jain anticipates robust performance in key areas such as revenue from piping, solar system solutions, and international sales over the next few quarters. He noted that despite challenges in the broader economic landscape, the company is strategically positioned for ongoing growth, with a focus on enhancing margins and cash flow.
Jain Irrigation operates manufacturing plants in 19 locations worldwide and is involved in the production of micro irrigation systems, PVC pipes, HDPE pipes, plastic sheets, agro-processed products, renewable energy solutions, tissue culture plants, financial services, and various agricultural inputs.
