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. PTI