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Jain Irrigation reports 57.55% growth in Q1 net profit

06 Aug 2011

Jain Irrigation, micro irrigation company has reported unaudited results for the first quarter ended June 30, 2011.

The company has reported a 57.55% growth in its net profit at Rs 82.35 crore for the first quarter ended June 30, 2011 against Rs 52.31 crore for the same quarter last year. Net sales of the company went up by 29.3% to Rs 931.58 crore in the quarter under review compared to Rs 720.60 crore for the same quarter last year.

The company's board approved a dividend of Re 1 per equity share of Rs 2 each for the year ended March 31, 2011.

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