Jain Irrigation Systems Ltd

Net profit of Jain Irrigation Systems declined 90.35% to Rs 0.95 crore in the quarter ended December 2024 as against Rs 9.84 crore during the previous quarter ended December 2023. Sales rose 0.22% to Rs 1360.78 crore in the quarter ended December 2024 as against Rs 1357.77 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1360.781357.77 0 OPM %12.9112.61 - PBDT64.5870.04 -8 PBT1.4310.93 -87 NP0.959.84 -90 Powered by Capital Market - Live

Jain Irrigation Systems will hold a meeting of the Board of Directors of the Company on 30 January 2025.Powered by Capital Market - Live

Net loss of Jain Irrigation Systems reported to Rs 9.91 crore in the quarter ended September 2024 as against net profit of Rs 8.76 crore during the previous quarter ended September 2023. Sales declined 12.48% to Rs 1191.97 crore in the quarter ended September 2024 as against Rs 1361.92 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1191.971361.92 -12 OPM %11.6412.74 - PBDT45.0176.15 -41 PBT-16.7816.65 PL NP-9.918.76 PL Powered by Capital Market - Live

Jain Irrigation Systems will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

SKUAST-Kashmir is a premier agricultural university dedicated to promoting education, research, and extension services in the field of agriculture and allied sciences. The university plays a pivotal role in the development of agricultural practices in the region. The partnership between Jain Irrigation Systems and SKUAST-Kashmir aims to introduce irrigation techniques and sustainable farming practices that are tailored to meet the unique challenges of the region. This collaboration will focus on improving water management, developing clean planting material, enhancing crop yields, promoting climate smart technologies, solutions & precision farming practices to ensure long-term sustainability. Through this collaboration, farmers in Jammu & Kashmir will have access to training programs, demonstrations of smart irrigation systems & guidance on the best practices for utilizing advanced farming technology. The initiative is designed to create an environment of innovation & adaptability that can help farmers tackle climate challenges, reduce water wastage & maximize the output of their crops. Speaking at the event, Vice Chancellor Professor Nazeer Ahmad Ganai expressed his enthusiasm for the partnership, stating 'This collaboration marks a crucial milestone in our ongoing efforts to uplift the farming community of Jammu and Kashmir. By adopting smart technologies and innovative practices, we aim to empower farmers with the tools they need to increase productivity, conserve water, and ensure food security in the region.' Ajit Jain, Jain Irrigation systems, said, 'We are proud to collaborate with SKUAST-Kashmir in bringing cutting-edge irrigation, clean planting material and precision farming solutions to the farmers of Jammu and Kashmir. Together, we will work to introduce climate smart and precision farming techniques that will not only optimize resource utilization but also lead to sustainable agricultural growth in the region.' Jain Irrigation Systems is engaged in manufacture of plastic products, and manufacture of fruit or vegetable juices, their concentrates squashes and powder. Its segments include hi-tech agri input products, industrial products and non-conventional energy. The company's consolidated net profit declined 61.6% to Rs 13.59 crore in Q1 FY25 as compared with Rs 35.43 crore in Q1 FY24. Net sales fell 13.1% to Rs 1477.86 crore in Q1 FY25. Shares of Jain Irrigation Systems rose 0.62% to currently trade at Rs 69.52 on the BSE.Powered by Capital Market - Live

Jain Irrigation Systems and the Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST-Kashmir) have entered into a Memorandum of Understanding (MoU) to offer smart, technology-driven solutions to the region's farmers. The partnership between Jain Irrigation Systems Ltd and SKUAST-Kashmir aims to introduce state-of-the-art irrigation techniques and sustainable farming practices that are tailored to meet the unique challenges of the region. This collaboration will focus on improving water management, developing clean planting material, enhancing crop yields, promoting climate smart technologies, solutions & precision farming practices to ensure long-term sustainability.Powered by Capital Market - Live

It is the first company in the world to have successfully developed a Tissue Culture protocol for coffee varieties The company announced seven high yielding tissue culture varieties of Robustas and Arabicas coffee, developed with a commitment to quality and innovation by its scientists in the Biotech department. These varieties have been licensed to the company by the Coffee Board of India, approved for commercial production and sale. The company said that Jain Tissue cultured coffee plants are Elite Mother Plants, meticulously developed for their high yield, excellent cup quality, and well-balanced canopy architecture. They are disease-free, robust, and genetically uniform. These Coffee plants perform optimally when integrated into Jain Precision Farming Packages, ensuring efficient and sustainable coffee cultivation. We welcome contract propagation in bulk quantities from institutions, planter associations, and individual coffee estate owners, further expanding the reach of our innovative coffee farming solutions. Ajit Jain, managing director, Jain Irrigation, said, 'We are extremely proud to introduce to the world an elite coffee- a disease free, genetically uniform and high yielding variety ' bringing prosperity to Indian coffee farmers and putting Indian coffee on the global map.' Coffee Board Secretary and CEO, KG Jagadeesha said, 'For the first time in the world, we have standardised the tissue culture technology for coffee in India. The coffee plants multiplied using the tissue culture protocols have been evaluated on the fields for the past few years. They are performing much better than the regular varieties. As part of the MoU, Jain Irrigation will multiply and sell the identified coffee plants to growers directly while paying a royalty to the Board.' Jain Irrigation Systems is engaged in manufacture of plastic products, and manufacture of fruit or vegetable juices, their concentrates squashes and powder. Its segments include hi-tech agri input products, industrial products and non-conventional energy. The company's consolidated net profit declined 61.6% to Rs 13.59 crore in Q1 FY25 as compared with Rs 35.43 crore in Q1 FY24. Net sales fell 13.1% to Rs 1477.86 crore in Q1 FY25.Powered by Capital Market - Live

Jain Irrigation Systems has signed a landmark MoU with the Coffee Board of India for the commercial release of the advanced high quality, disease-resistant coffee plants to growers. This collaboration is set to transform the coffee industry. Ajit Jain, Managing Director, Jain Irrigation, said, 'We are extremely proud to introduce to the world an elite coffee- a disease free, genetically uniform and high yielding variety - bringing prosperity to Indian coffee farmers and putting Indian coffee on the global map.' Coffee Board Secretary and CEO KG Jagadeesha said, For the first time in the world, we have standardised the tissue culture technology for coffee in India. The coffee plants multiplied using the tissue culture protocols have been evaluated on the fields for the past few years. They are performing much better than the regular varieties. As part of the MoU, Jain Irrigation will multiply and sell the identified coffee plants to growers directly while paying a royalty to the Board.' Powered by Capital Market - Live

Net profit of Jain Irrigation Systems declined 61.64% to Rs 13.59 crore in the quarter ended June 2024 as against Rs 35.43 crore during the previous quarter ended June 2023. Sales declined 13.12% to Rs 1477.86 crore in the quarter ended June 2024 as against Rs 1701.04 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1477.861701.04 -13 OPM %12.0512.64 - PBDT76.51113.77 -33 PBT15.5554.76 -72 NP13.5935.43 -62 Powered by Capital Market - Live