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Jain Irrigation Systems on Tuesday said it plans to raise up to Rs 500 crore by selling shares to institutional investors. In a regulatory filing on Tuesday, the company informed that the Board approved the company's plan to raise funds through Qualified Institutional Placement (QIP). "The Board approved the raising of funds by way of issuance of equity shares combination thereof, in one or more tranches ... for an amount not exceeding Rs 500 crore by way of Qualified Institutions Placement (QIP) ..," Jain Irrigation Systems said. The decision is subject to the receipt of such regulatory/statutory approvals as may be required, including the approval of the shareholders of the company. In July, Jain Irrigation Systems reported an 8.5 per cent fall in consolidated net profit to Rs 11.19 crore for the latest quarter ended June 2025. Its net profit stood at Rs 12.23 crore in the year-ago period. The total income rose to Rs 1,547.68 crore in the April-June period of 2025-26, from Rs ..
Jain Irrigation on Friday reported a more than three-fold jump in its consolidated net profit to Rs 976.9 crore during the March 2023 quarter and reduced debt by Rs 2,800 crore post-merger of its global arm with Rivulis. The company had posted a consolidated net profit of Rs 279.06 crore in the year-ago period, according to a regulatory filing. Its total income increased 27.14 per cent to Rs 1,745.41 crore during the fourth quarter of 2022-23 from Rs 1,372 crore a year ago. For the full 2022-23, the company's net profit more than doubled to Rs 831.94 crore compared to Rs 328.63 crore in FY22. The total income increased to Rs 5,761.80 crore from Rs 4,749.94 crore in the said period. "The company is back on track. Overall, it has been a good quarter. We have successfully completed the merger of Jain International Trading with Rivulis (backed by Singapore-based Temasek Group). This transaction has helped reduce the company's debt by Rs 2,800 crore," Jain Irrigation CEO and Vice ...