Jain Irrigation Systems surges despite reporting 76% fall in Q4 net profit

29 May 2013 Evaluate

Jain Irrigation Systems is currently trading at Rs. 68.45, up by 0.95 points or 1.41% from its previous closing of Rs. 67.50 on the BSE.

The scrip opened at Rs. 66.00 and has touched a high and low of Rs. 71.95 and Rs. 65.45 respectively. So far 970934 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 92.35 on 06-Jul-2012 and a 52 week low of Rs. 55.50 on 09-Apr-2013.

Last one week high and low of the scrip stood at Rs. 71.95 and Rs. 65.20 respectively. The current market cap of the company is Rs. 3113.89 crore.

The promoters holding in the company stood at 27.46% while Institutions and Non-Institutions held 52.08% and 20.24% respectively.

Jain Irrigation Systems reported results for the fourth quarter and year ended March 31, 2013.

The company has reported a fall of 75.80% in its net profit at Rs 41.90 crore in Q4FY13 as compared to net profit of Rs 173.12 crore in the same quarter previous year.  However, total income from operation of the company has increased by 4.08% to Rs 1292.43 crore as compared to Rs 1241.80 crore in corresponding quarter last year.

For the year ended March 31, 2013, the company has registered 88.78% fall in its net profit at Rs 30.11 crore in FY13 as against Rs 268.29 crore in previous years. Total income from operation of the company has decreased to Rs 3561.35 crore as compared to Rs 3812.38 crore in FY12, down by 6.59%.

On consolidated basis, for the full year ended March 31, 2013, the company has posted a 98.62% fall in its net profit at Rs 3.08 crore under year under review as compared to Rs 223.49 crore in FY12. However, total income has increased by 2.70% at Rs 5088.49 crore for year under review as compared to Rs 4954.61 crore for the period ended March 31, 2012.

Jain Irrigation Sys Share Price

56.86 0.99 (1.77%)
19-Apr-2024 16:01 View Price Chart
Peers
Company Name CMP
Supreme Industries 4067.80
Astral 1945.00
Finolex Inds 252.00
EPL 177.80
Jain Irrigation Sys 56.86
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