Jain Irrigation share price saw a surge of more than 5 per cent in Thursday’s trade.
Total income from operations of the Company grew 8.2 per cent at Rs 146 crores against Rs 135 crores in the corresponding quarter of previous fiscal.
EBITDA ((earnings before interest, taxes, depreciation, and amortization) margin was at 13 per cent as against 12.8 per cent for the quarter ended 30th September 2016.
Anil Jain, managing director and CEO of Jain Irrigation Systems said that double digit growth in micro irrigation and agro processing division in India coupled with strong growth in certain overseas markets for micro irrigation business, helped the company in achieving this performance.
On back of adequate monsoon we expect robust positive business condition for next few quarters, he added.
The company has order book position of Rs 1,572 crores which consist of Rs 825 crores for hi-tech agri input products division and Rs 466 crores for agro processing division.
Jain Irrigation Systems, often known as Jain Irrigation, JISL is a multinational organization based in Jalgaon, India. The company employs more than 10, 000 employees, has 32 manufacturing plants, manufactures a number of products, including drip and sprinkler irrigation systems as well as components, integrated irrigation automation systems, PVC and also PE piping systems, plastic sheets, greenhouses, bio-fertilizers, solar water-heating systems, solar water pumps, turnkey biogas plants, and photovoltaic systems. The company also processes dehydrated vegetables, concentrated and frozen fruits or pulp.
Jain Irrigation share price is currently trading at Rs 90.25 a piece on NSE, up by 4.88 per cent or 4.20 points at 2.00 PM. A total of 39,78,597 shares of the company have been traded on NSE so far amounting to total value of Rs 3,559.25 lacs.
For more information on the historical share price performance of Jain Irrigation visit Jain Irrigation share price history.
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