Jain Irrigation lowers loss in Q3 to Rs 123 crore ANI | Updated: Feb 13, 2021 16:52 IST
Mumbai (Maharashtra) [India], February 13 (ANI): Cash-strapped Jain Irrigation Systems said on Saturday its consolidated loss during the October to December quarter totalled Rs 123 crore from Rs 284 crore in Q3 FY20.
On standalone basis, the loss was Rs 75 crore in Q3 FY21 as compared to Rs 183 crore in the same quarter of previous fiscal.
However, consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) moved into the black at Rs 122 crore in Q3 FY21 from negative Rs 82 crore in Q3 FY20.
At the same time, consolidated revenue rose to Rs 1,428 crore from Rs 1,300 crore in the same period.