Jain Irrigation comes out with flying colours in Q1FY17

Jain Irrigation was certainly "The" stock of Aug 16 trade. Stocks of the company closed at Rs 78.10, up by 5.61 per cent. Shares of the company in the last 3 months have given a return of 3 per cent. In the last 6 months, shares have surged by 66 per cent. 52-week High/Low of the company stands at Rs 79/47. On Aug 13, company has declared its Q1FY17 results. Company has posted strong Q1 results, which is the major reason shares have surged. 

In Q1FY17, company’s total income from operation has increased by 8 per cent and stands at Rs 1713.18 crores. EBITDA has increased by 7 per cent and stands at Rs 233.48 crores as compared to Q1FY16. Net profits stand at Rs 58.52 crores, which has increased 3 times as compared to the corresponding quarter of the previous fiscal.

Jain Irrigation Systems, often known as Jain Irrigation, is a multinational organisation based in Jalgaon, India. JISL employs over 10,000 employees; has 29 manufacturing plants; and manufactures a number of products, including drip and sprinkler irrigation systems and components, integrated irrigation automation systems, PVC and PE piping systems, plastic sheets, greenhouses, bio-fertilisers, solar water-heating systems, solar water pumps, turnkey biogas plants, and photovoltaic systems. Company also processes dehydrated vegetables, concentrated and frozen fruits.