Welcome to Jain Irrigation Systems Ltd.
Jain Irrigation Systems Ltd, largest micro irrigation company in India and second largest in the world has announced standalone and consolidated financial results for the 3rd Quarter (Q3) and for 9 months ending on December 31, 2017 (FY 2017-18). Consolidated income of the company has increased by 30.8%. Jain Irrigation has listed global orders worth over Rs 4000 crores. These financial results were approved at the Board of Directors meeting held in Mumbai.
Features of Financial Results:
Consolidated income went up by 30.8% and 13.4% in the third Quarter (Q3) and in the first 9 months ended on December 31, 2017.
Earnings Before Interest, Depreciation and Taxes (EBIDT) increased by 25.8% to reach Rs 25.23 crores.
Global orders for different projects were worth Rs 4025.3 crores in hand.
Jain Irrigation recently got order for Jalgaon’s Amrut Water Supply worth Rs 183 crores.
Also JISL received order for Future Ready Micro Irrigation Project with "water to every farm" and worth Rs 125.7 crores.
Consolidated Financial Results
9 months Consolidated Financial Results
Standalone Financial Results Highlights
Standalone Financial Results for first 9 months
"We are pleased to share with you the results of December 2017. We have achieved significant growth in revenue and earnings in line with our expectations. We believe this strong momentum will carry forward in current quarter as well as foreseeable future. Our underlying businesses are receiving continual traction due to positive demand and our execution capacity. We plan to remain focused on the Balance Sheet while managing very high growth rates."
-Anil Jain, Managing Director and Vice-Chairman, Jain Irrigation Systems Ltd.