Jain Irrigation Systems today reported a 29.28 per cent jump in its standalone net profit to Rs 159.44 crore in the fourth quarter of fiscal 2017-18, mainly on the back of higher sales.
Its net profit stood at Rs 123.32 crore in the same quarter previous fiscal, the company said in a regulatory filing.
Net income rose by 12.14 per cent to Rs 1,584.94 crore in the January-March quarter, compared t0 Rs 1,413.33 crore in the year-ago period.
Expenses too increased to Rs 1,417.97 crore from Rs 1,231.68 crore.
The board has recommended a dividend of Rs 1 per share, subject to approval of shareholders.
The company's scrip fell by 0.49 per cent to settle at Rs 60.75 apiece on the BSE today.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app