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 third
quarter of FY 2021.
Highlights of Q3 and 9M FY 21:
Consolidated Revenue was at INR 14,283 Mn in Q3 FY21,Standalone revenue was at 5,225 Mn
Consolidated EBIDTA was at INR 1,225 Mn in Q3 FY21, Standalone EBITDA was at INR 382 Mn
Consolidated PAT was at INR (1,228) Mn in Q3 FY21, Standalone PAT was at INR (752) Mn
Consolidated Revenue was at INR 40,842 Mn in 9M FY21,Standalone revenue was at 13,882 Mn
Consolidated EBIDTA was at INR 2,737 Mn in 9M FY21, Standalone EBITDA was at INR 526 Mn
Consolidated PAT was at INR (4,518) Mn in 9M FY21, Standalone PAT was at INR (2,851) Mn
Global order book now stands at over INR 42 billion
Vice Chairman and Managing Director of the Company, Mr Anil Jain said: “We are pleased to present the Q3 financial result of the Company. We entered the Q3 period in October with uncertainty of the covid all around and skepticism in mind, but with the hope that scenario can only be better. With this belief, our teams in rural and semi-urban areas have catered admirably to the agriculture sector. We are an agri-inputs Company with our range of products,
services and advisory and feel proud to have contributed to the agri sector which has shown good growth amongst the GDP constituents in last three quarters. This is well reflected in the better financials of the Company in the quarter.
On the standalone Company, we are pleased with the run rate achieved and the ebitda has turned
positive. The debt resolution has progressed well and we are pleased to state that we are close to
implementation in coming weeks. Hereafter, we are confident of increasing the capacity utilization and
increasing the product range in the near times to come. The overseas subsidiaries’ performance
continues to be stable with steady growth, despite challenging covid times. Of our various locations,
certain geographies like Israel are ahead in vaccination and this is lending support to the business. In
India, we are gradually increasing the dealer network and spreading outreach into newer districts.
While we take all these steps, we are maintaining focus on improving further working capital
efficiencies and controlling costs and thereby improving margins.
We continue to engage intensively with the lenders on the debt resolution and sincerely thank them
for their continued support. We are hoping to perform better in Q4, which is a busy period for our
operations. We are seeking and are thankful to the employees, customers, vendors and advisors for
their unwavering support and understanding of the times.”
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