jain irrigation systems ltd (JI) Snapshot

Jain Irrigation Systems Limited reported audited consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2013. For the quarter on consolidated basis, the company reported net sales of INR 12,091.5 million compared to INR 12,344.7 million reported a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,657.7 million compared to INR 10,142.7 million reported a year ago. Profit from ordinary activities before tax was INR 1,034.2 million compared to INR 1,429.8 million reported a year ago. Net profit was INR 419.0 million or INR 0.98 per diluted share before and after extraordinary items compared to INR 1,731.2 million or INR 4.27 per diluted share before and after extraordinary items reported a year ago. For the year on consolidated basis, the company reported net sales of INR 49,168.8 million compared to INR 48,493.5 million reported a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,704.4 million compared to INR 7,889.5 million reported a year ago. Profit from ordinary activities before tax was INR 125.1 million compared to INR 2,286.1 million reported a year ago. Net profit was INR 30.8 million or INR 0.07 per diluted share before and after extraordinary items compared to INR 2,234.9 million or INR 5.50 per diluted share before and after extraordinary items reported a year ago. For the quarter on standalone basis, the company reported loss before tax of INR 49.0 million and loss after tax of INR 39.7 million on income from operations of INR 702.3 million compared to profit before tax of INR 82.3 million and profit after tax of INR 73.3 million on income from operations of INR 999.1 million for the third quarter ended December 31, 2012. For the year on standalone basis, the company reported net sales of INR 34,061.2 million compared to INR 37,098.6 million reported a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,078.3 million compared to INR 7,370.0 million reported a year ago. Profit from ordinary activities before tax was INR 486.8 million compared to INR 2,726.0 million reported a year ago. Net profit was INR 301.1 million or INR 0.70 per diluted share before and after extraordinary items compared to INR 2,682.9 million or INR 6.62 per diluted share before and after extraordinary items reported a year ago.

Jain Irrigation Systems Limited, Q4 2013 Earnings Call, May 30, 2013

Jain Irrigation Systems Limited announced that the Board of Directors of the Company at its meeting held on May 28, 2013, has recommended dividend on Ordinary Equity /DVR Equity Shares INR 0.50 per share (25%) of the Company, subject to approval at ensuing 26th AGM.