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Jain Irrigation Systems reports 99% rise in Q2 consolidated net profit

Jain Irrigation Systems has reported results for second quarter ended September 30, 2018.

The company has reported around 3-fold jump in its net profit at Rs 45.57 crore for the quarter under review as compared to Rs 16.04 crore for the same quarter in the previous year. Total income of the company increased by 24.42% at Rs 968.69 crore for Q2FY19 as compared Rs 778.57 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 98.87% in its net profit at Rs 21.16 crore for the quarter under review as compared to Rs 10.64 crore for the same quarter in the previous year. Total income of the company increased by 18.93% at Rs 1,918.50 crore for Q2FY19 as compared Rs 1,613.09 crore for the corresponding quarter previous year

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