Integrated Filing — IndAS

General information about company
Scrip Code	500219
NSE Symbol	JISLJALEQS
MSEI Symbol	NOTLISTED
ISIN	INE175A01038
Name of company	JAIN IRRIGATION SYSTEMS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	14-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	07-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	14-May-2025   10:30:00
End date and time of board meeting	14-May-2025   12:35:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2024-07-23
Indicate Company website link for updated RPT policy of the Company	www.jains.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
There is no default on Loans for the reporting period n

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	10273300000	32590200000
	Other income	20900000	173500000
	Total income	10294200000	32763700000
2	Expenses
(a)	Cost of materials consumed	5507400000	18306700000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	221900000	-312500000
(d)	Employee benefit expense	926400000	3525100000
(e)	Finance costs	756900000	2916900000
(f)	Depreciation, depletion and amortisation expense	453800000	1590100000
(f)	Other Expenses
1	Other Expenses	2018300000	6361000000
	Total other expenses	2018300000	6361000000
	Total expenses	9884700000	32387300000
3	Total profit before exceptional items and tax	409500000	376400000
4	Exceptional items	0	0
5	Total profit before tax	409500000	376400000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	126600000	129200000
9	Total tax expenses	126600000	129200000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	282900000	247200000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	282900000	247200000
17	Other comprehensive income net of taxes	-8900000	-5000000
18	Total Comprehensive Income for the period	274000000	242200000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	1382200000	1382200000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		48425500000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.41	0.36
	Diluted earnings (loss) per share from continuing operations	0.4	0.35
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0.41	0.36
	Diluted earnings (loss) per share from continuing and discontinued operations	0.4	0.35
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes n n1 The audited Standalone financial results for the quarter and year ended March 31, 2025 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on May 14, 2025 and are available on the Company’s website -www.jains.com. n n2 The statutory Auditors - M/s Singhi & Co., Chartered Accountants, have carried out Audit of the results for the quarter and year ended March 31, 2025. n n3 Finance cost includes non-cash transaction being unwinding of 0.01% NCDs/ECBs as per effective interest rate of Rs. 1,856 lacs, Rs. 1,844 lacs and Rs. 1,674 lacs for the quarter ended March 31, 2025, quarter ended December 31, 2024 and quarter ended March 31, 2024 respectively. The amount for year ended March 31, 2025 and for the year ended March 31, 2024 are Rs. 7,215 lacs and Rs. 6,476 lacs respectively. n n4 Other expenses includes foreign exchange gain of Rs. 345 lacs, Rs. 599 lacs and Rs. 182 lacs for the quarter ended March 31, 2025, quarter ended December 31, 2024 and quarter ended March 31, 2024 respectively. The amount for year ended March 31, 2025 and for the year ended March 31, 2024 are Rs. 1,723 lacs and Rs. 925 lacs respectively. n n5 The ESOP Committee of the Company has allotted 4,356,000 equity shares of Rs. 2 each to the option grantees pursuant to exercise of options under the Company’s Employee Stock Option Plan 2011. As a result of such allotment, the paid up equity share capital of the Company has increased from 667,467,561 equity shares to 671,823,561 equity shares of face value of Rs. 2 each. n n6 Pursuant to the amendment introduced by the Finance Act, 2024, which withdraws the indexation benefit on long-term capital gains and results in a change in the applicable tax rate on such gains, the Company has remeasured the deferred tax liability recognised on the fair valuation of land at the date of transition to Ind AS (i.e., 1 April 2015). In accordance with applicable Indian accounting standards, the resulting impact of Rs. 10,715 lacs has been recognised in other equity, as the underlying deferred tax liability was originally created through other equity. n n7 During the previous year ended March-24, the Company received Rs. 4,989 lacs as 25% money against the subscription of 42,786,430 equity share warrants to be converted into equity shares upon payment of balance 75% by May 2025. n n8 The figures of the last quarter are the balancing figures between audited figures in respect of full financial year up to March 31, 2025/ March 31, 2024 and the unaudited published year-to- date figures up to December 31, 2024 / December 31, 2023 being the figures up to the end of the third quarter of financial year respectively which were subject to limited review. n n9 The figures of the previous period / year have been regrouped, rearranged, reclassified or reworked as necessary to confirm the current quarter / period classification. n n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	27188400000
	Capital work-in-progress	357500000
	Investment property	115000000
	Goodwill	0
	Other intangible assets	27800000
	Intangible assets under development	907100000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	14461200000
	Non-current financial assets
	Non-current investments	1645800000
	Trade receivables, non-current	0
	Loans, non-current	145500000
	Other non-current financial assets	195000000
	Total non-current financial assets	1986300000
	Deferred tax assets (net)	882100000
	Other non-current assets	160900000
	Total non-current assets	46086300000
2	Current assets
	Inventories	10495900000
	Current financial asset
	Current investments	0
	Trade receivables, current	18851800000
	Cash and cash equivalents	266300000
	Bank balance other than cash and cash equivalents	126400000
	Loans, current	120900000
	Other current financial assets	8739500000
	Total current financial assets	28104900000
	Current tax assets (net)	0
	Other current assets	0
	Total current assets	38600800000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	84687100000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1382200000
	Other equity	48425500000
	Total equity attributable to owners of parent	49807700000
	Non controlling interest
	Total equity	49807700000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	6877500000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	666500000
	Total non-current financial liabilities	7544000000
	Provisions, non-current	440800000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	7984800000
	Current liabilities
	Current financial liabilities
	Borrowings, current	16926900000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	1067600000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	4182200000
	Total Trade payable	5249800000
	Other current financial liabilities	2128400000
	Total current financial liabilities	24305100000
	Other current liabilities	2400800000
	Provisions, current	188700000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	26894600000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	34879400000
	Total equity and liabilites	84687100000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Hi-tech Agri Input Products	6141800000	19299200000
2	Plastic Division	4102600000	13167000000
3	Other Business Division	28900000	124000000
	Total Segment Revenue	10273300000	32590200000
	Less: Inter segment revenue	0	0
	Revenue from operations	10273300000	32590200000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Hi-tech Agri Input Products	1234600000	3636000000
2	Plastic Division	507500000	1523700000
3	Other Business Division	-45300000	-121300000
	Total Profit before tax	1696800000	5038400000
	i. Finance cost	756900000	756900000
	ii. Other Unallocable Expenditure net off Unallocable income	530400000	530400000
	Profit before tax	409500000	376400000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Hi-tech Agri Input Products	36343200000	36343200000
2	Plastic Division	13486500000	13486500000
3	Other Business Division	2127400000	2127400000
	Total Segment Asset	51957100000	51957100000
	Un-allocable Assets	32730000000	32730000000
	Net Segment Asset	84687100000	84687100000
4	Segment Liabilities
	Segment Liabilities
1	Hi-tech Agri Input Products	5507200000	5507200000
2	Plastic Division	2693300000	2693300000
3	Other Business Division	173900000	173900000
	Total Segment Liabilities	8374400000	8374400000
	Un-allocable Liabilities	26505000000	26505000000
	Net Segment Liabilities	34879400000	34879400000
	Disclosure of notes on segments	Textual Information(2)

Text Block

Textual Information(2)

Segment Note n n1) Company has considered business segment for reporting purpose, primarily based on customer category. nThe products considered for the each business segment are: n na) Hi-tech Agri Input Products division includes Micro Irrigation Systems, Solar Agri Pump, Intergrated Irrigation Projects and Tissue Culture Plants. n nb) Plastic Division includes PVC Piping Products, PE Piping Products, Piping Projects and Plastic Sheets. n nc) Other division includes Solar Thermal Products, Solar Photovoltaic System, Solar Power Pack, Solar Power generation and Agri R&D Activities. n n2) The revenue & results figure given above are directly identifiable to respective segments and expenditure on common services incurred at the corporate level are not directly identifiable to respective segments have been shown as “Other Un-allocable Expenditure”. n n3) Segment Assets & Liability figures given above are directly identifiable to respective segments and Assets & Liability for corporate services for head office and investments have been shown as “Un-allocable”. n n

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurements of defined benefit obligations gains/(loss)	-13800000	-7700000
2	Income tax relating to the above items	4900000	2700000
	Total Amount of items that will not be reclassified to profit and loss	-8900000	-5000000
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-8900000	-5000000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			376400000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			2916900000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			1090900000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-1343800000
	Adjustments for decrease (increase) in other non-current assets			-495600000
	Adjustments for other financial assets, non-current			-336200000
	Adjustments for other financial assets, current			-78300000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			461000000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			419900000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			1590100000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-2900000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			49600000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-59600000
	Adjustments for dividend income			0
	Adjustments for interest income			-115400000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			-198100000
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			15700000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			4541200000
	Net cash flows from (used in) operations			4917600000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			90700000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			4826900000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			32100000
	Purchase of property, plant and equipment			1487800000
	Proceeds from sales of investment property			0
	Purchase of investment property			-99000000
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			74200000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			3500000
	Net cash flows from (used in) investing activities	-1279000000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			141100000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			10600000
	Proceeds from borrowings			207900000
	Repayments of borrowings			1811200000
	Payments of lease liabilities			18800000
	Dividends paid			0
	Interest paid			1700000
	Income taxes paid (refund)			2200800000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-3672900000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-125000000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-125000000
	Cash and cash equivalents cash flow statement at beginning of period			391300000
	Cash and cash equivalents cash flow statement at end of period			266300000