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Monday, January 22, 2007

Jain Irrigation - Net Jumps 105% For Dec`06 Qtr


Jain Irrigation - On A Growth Path

Jain Irrigation Systems disclosed a 105% jump in net profit at Rs 313.00 million for the quarter ended Dec. 2006, up from Rs 152.50 million in the year-ago quarter. Sales for the quarter rose 37.80% to Rs 3,023.10 million compared with the corresponding quarter, a year ago. Operating margins improved to 15.95% during the quarter, a rise of 392.75 basis points compared with the corresponding quarter.

Net margins, on the other hand, rose from 6.92% to 10.30% during the quarter. The company`s earnings per share on a trailing twelve month basis is Rs 16.83.

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