Business Standard

Jain Irrigation dips on weak Q3 earnings

Q3 EBIDTA has declined 27.4% to Rs 138 crore against Rs 190 crore over the previous year quarter

Related News

Systems has dipped over 6% to Rs 66.95 in opening deals after reporting a net loss of Rs 31 crore for the third quarter ended December, 2012 (Q3), mainly due to unrealized forex losses of Rs 57 crore. The company had clocked a net profit of Rs 1.24 crore in the same quarter last fiscal.

“Total income declined by 7.3% to Rs 771 crore in Q3 from Rs 832 crore during the same quarter of previous fiscal,” Jain Irrigation said in a statement.

Earnings before interest, taxes, depreciation, and amortization (EBIDTA) have declined 27.4% to Rs 138 crore against Rs 190 crore over the previous year quarter, it added.

The company is the largest micro irrigation company in the country, manufactures drip and sprinkler irrigation systems, solar water heating systems and agro-processed products, among others.

The stock opened at Rs 67.50 and hit a high of Rs 69.85 on the NSE. A combined around 600,000 shares have changed hands on the counter on both the exchanges.

Read more on:   
|

Read More

UCO Bank slips on declining net

Shares of UCO Bank has slumped after the bank posted a sharp drop in net profit for the third quarter ended December 31, 2012.

Quick Links

 

Market News

UFO Moviez files DRHP for Rs 750-cr IPO via offer for sale

The company filed a draft red herring prospectus with regulator Sebi on December 18

MF exposure to bank stocks surges in November

heir investments in banking stocks stood at Rs 70,575 crore as on November 30, 2014

Gold imports crawl in Dec

Only 15 tonne imported in the first half of the month due to adequate supply in the market, tepid demand

Markets end flat amid volatility; Fed stance, reforms cheer

The broader markets underperformed the benchmark indices- BSE Mid-Cap and Small-Cap indices fell over 1%

Oil surges from five-year low

West Texas Intermediate climbed 4.5 per cent in New York, the biggest gain since August 2012

Back to Top