Share the post "Jain Irrigation Systems ‘s Q2 Results: Profit Drops by 259.76% YoY"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -12.48 % over the year, decrease in net sales/revenue by -19.34 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 392.02 %. Marginal increase in other income during this quarter, up by 570.29%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Jain Irrigation Systems Limited. Profit dropped by -259.76 % Year to Year, Jain Irrigation Systems Limited’s profitability dropped by -207.77 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -227.27 % Year to Year. EPS decreased by -170 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 1361.92 Cr | Rs. 1477.86 Cr | Rs. 1191.97 Cr | -19.34 % | -12.48 % |
Expenses | Rs. 1188.44 Cr | Rs. 1299.72 Cr | Rs. 1050.78 Cr | -19.15 % | -11.58 % |
Operating Profit | Rs. 173.48 Cr | Rs. 178.14 Cr | Rs. 141.19 Cr | -20.74 % | -18.61 % |
OPM % | 12.74 % | 12.05 % | 11.85 % | -0.2 % | -0.89 % |
Other Income | Rs. 1.88 Cr | Rs. 1.38 Cr | Rs. 9.25 Cr | + 570.29 % | + 392.02 % |
Interest | Rs. 99.21 Cr | Rs. 103.01 Cr | Rs. 105.43 Cr | + 2.35 % | + 6.27 % |
Depreciation | Rs. 59.5 Cr | Rs. 60.96 Cr | Rs. 61.79 Cr | + 1.36 % | + 3.85 % |
Profit before tax | Rs. 16.65 Cr | Rs. 15.55 Cr | Rs. -16.78 Cr | -207.91 % | -200.78 % |
Tax % | 40.42 % | 20.57 % | -21.45 % | -42.02 % | -61.87 % |
Net Profit | Rs. 8.25 Cr | Rs. 12.23 Cr | Rs. -13.18 Cr | -207.77 % | -259.76 % |
EPS in Rs | Rs. 0.1 | Rs. 0.19 | Rs. -0.14 | -173.68 % | -240 % |
Today, we’re looking at Jain Irrigation Systems Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -12.48 %. However, it did see a marginal slip of -19.34 % from the previous quarter. Expenses decreased slightly by -19.15 % quarter-on-quarter, aligning with the annual decline of -11.58 %. Operating profit, while down -18.61 % compared to last year, faced a quarter-on-quarter dip of -20.74 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.89 %, but a shrinkage of -0.2 % sequentially. Other income rose by 570.29 % compared to the last quarter, despite an annual growth of 392.02 %. Interest expenses surged remarkably by 2.35 % from the previous quarter, yet the year-over-year increase remains at a moderate 6.27 %. Depreciation costs climbed by 1.36 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.85 %. Profit before tax declined annually by -200.78 % but saw a reduction from the preceding quarter by -207.91 %.
Tax expenses as a percentage of profits decreased slightly by -61.87 % compared to last year, with a more notable quarter-on-quarter decrease of -42.02 %. Net profit fell by -259.76 % year-on-year but witnessed a -207.77 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -240 % but a quarterly fall of -173.68 %. In summary, Jain Irrigation Systems Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 1361.92 Cr | Rs. 1477.86 Cr | Rs. 1191.97 Cr | -19.34 % | -12.48 % |
Expenses | Rs. 1188.44 Cr | Rs. 1299.72 Cr | Rs. 1050.78 Cr | -19.15 % | -11.58 % |
Operating Profit | Rs. 173.48 Cr | Rs. 178.14 Cr | Rs. 141.19 Cr | -20.74 % | -18.61 % |
Net Profit | Rs. 8.25 Cr | Rs. 12.23 Cr | Rs. -13.18 Cr | -207.77 % | -259.76 % |
EPS in Rs | Rs. 0.1 | Rs. 0.19 | Rs. -0.14 | -173.68 % | -240 % |
In reviewing Jain Irrigation Systems Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -12.48 % year-on-year, although there was a slight dip of -19.34 % from the previous quarter. Expenses decreased by -11.58 % compared to the previous year, with a decrease of -19.15 % quarter-on-quarter. Operating Profit dropped by -18.61 % annually, and saw a -20.74 % decrease from the last quarter.
Net Profit showed yearly decrease of -259.76 %, and experienced a -207.77 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -240 % annually, however dipped by -173.68 % compared to the last quarter. In essence, while Jain Irrigation Systems Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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