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Jain Irrigation trims losses even as high cost takes toll
February 13, 2021
Jain Irrigation has reported a lower net loss of ₹123 crore in the December quarter against loss of ₹284 crore logged in the same period last year, largely due to higher cost of raw material.
Revenue from operations was up at ₹1,428 crore (₹1,300 crore).
Overall expenses were down marginally at ₹1,623 crore (₹1,687 crore). Raw material and finance cost were up at ₹835 crore (₹733 crore) and ₹183 crore (₹178 crore).
On a standalone basis, net loss was down at ₹75 crore against loss of ₹183 crore registered last year while revenue was up at ₹522 crore (₹352 crore).
Anil Jain, Managing Director, Jain Irrigation, said the quarter started of with scepticism and uncertainty over Covid, but in reality the impact on business was manageable. ....

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