Jain Irrigation Sees Higher Net Loss Amid Revenue Growth
Jain Irrigation Systems reported a wider net loss for the third quarter of fiscal year 2025-26, citing increased expenses. The company's income rose due to a 17.4% revenue growth, with improvements in cash flow and working capital. A new partnership aims to expand future revenue.
- Country:
- India
Jain Irrigation Systems announced on Wednesday that its consolidated net loss rose to Rs 47.48 crore in the third quarter of fiscal year 2025-26, impacted by higher expenses.
Despite the loss, the company highlighted robust income growth, with total income reaching Rs 1,602.86 crore during the October-December quarter, rising from Rs 1,362.63 crore in the previous year. Expenses also increased by 15.32% compared to Rs 1,361.36 crore in the same period last year.
Vice Chairman and Managing Director Anil Jain emphasized a strong quarter with a 17.4% year-on-year revenue increase across all business segments. The firm benefited from reduced GST rates and made significant improvements in cash flow, with cash generation at 149% of EBITDA. Additionally, its agro-processing arm Jain Farm Fresh Foods Ltd announced a new partnership to establish a bottling facility, promising future revenue gains in the upcoming quarter.
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