Jain Irrigation Systems Q1 Results Live : profit falls by 61.64% YOY

Jain Irrigation Systems Q1 Results Live : Jain Irrigation Systems announced their Q1 results on 31 Jul, 2024, revealing a decrease in revenue by 13.12% and a significant 61.64% decline in profit Year-over-Year (YoY).

Comparing to the previous quarter, the company saw a 14.4% drop in revenue but a notable 254.61% increase in profit.

The Selling, general & administrative expenses showed a slight increase of 1.65% quarter-over-quarter (QoQ) and a significant 11.63% increase Year-over-Year (YoY).

Operating income also took a hit, decreasing by 26.02% QoQ and 25.42% YoY.

The Earnings Per Share (EPS) for Q1 stood at ₹0.19, marking a substantial 65.45% decrease YoY.

In terms of returns, Jain Irrigation Systems delivered -1.28% in the last 1 week, 7.34% in the last 6 months, and 14.28% Year-to-Date (YTD).

Currently, the company has a market cap of ₹4994.57 Cr with a 52-week high/low of ₹84.19 & ₹43.1 respectively.