Jain Irrigation Q4 net up 24 pc at Rs 78 cr

Jain Irrigation Systems today posted a 24 per cent jump in consolidated net profit at Rs 77.63 crore during the fourth quarter of 2016-17 on strong sales in high-tech agri input business.
The company's net profit stood at Rs 62.58 crore in the same quarter last year, it said in a BSE filing.
Total income rose to Rs 2,297.86 crore in the quarter ended March from Rs 2,095.71 crore in the year-ago period.
For the 2016-17 fiscal, the company on a consolidated basis reported a nearly four-fold jump in net profit at Rs 176.24 crore compared to Rs 48.68 crore in the previous year.

The Board of Directors has recommended a dividend of Rs 0.75 per share, subject to approval of shareholders.