Jain Irrigation Extend Gains Investors Cheer Good Q4 Results

Jain Irrigation Systems Limited has extended its gains in Thursday’s trading session. The stock has witnessed upward rally with huge volumes. It attracted the traded volume of 2,01,61,929 shares and traded value of Rs 186.33 cr as of 1426 hours on Thursday.

As of 1428 hours today, on NSE, the stock touched an intraday high of Rs 97.9 per share higher by nearly 14%. Investors are cheering the good financial results posted by the company for the quarter ended March 31, 2017.

Jain Irrigation's standalone revenue for the quarter came in at Rs. 2231 crore, registering 9.3% YoY increase.

 EBITDA for the quarter rose by 14.8% YoY to Rs. 271.06 crore with a corresponding margin expansion of 59 bps. EBITDA margin for the quarter stood at 12.2%.

The PAT for the quarter came in at Rs. 78 crore, YoY increase of 24%.

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