Q3FY17 Results : Jain Irrigation Systems Limited

Jain Irrigation Systems Ltd. reported its results for the quarter ended December 31, 2016 after market hours today.
Total sales for this quarter, Q3FY17, came in at Rs. 1441.72 crore. This represents a 0.07 per cent sequential increase and 4.6 per cent YoY increase.

Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 174.57 crore and the EBIT margin stood at 12.11 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 6.6 crore which represents a sequential QoQ decline of 77.51 per cent and a YoY decline of 128.1 per cent.

Jain Irrigation Systems Limited is an Indian Company that mainly caters to the agricultural sector. The Company has multi product industrial profile and manufactures Drip and Sprinkler Irrigation Systems and Components; PVC, Polyethylene (HDPE, MDPE) & Polypropylene Piping Systems; Plastic Sheets (PVC & PC sheets); Dehydrated Onions and Vegetables; Processed Fruits; Tissue Culture, Hybrid & Grafted Plants; Greenhouses, Poly and Shade Houses; Bio-fertilizers; Solar Water Heating Systems and Solar Photovoltaic Appliances (Solar lighting systems) and Bio-Energy sources.

Source:dsij