Name: Latest research reports of Jain Irrigation Systems Ltd. authored by Religare and published by - Trendlyne research reports.
Item: Jain Irrigation Systems Ltd.
Rating: 5
Author: Religare

Result Update Q4FY17 Jain Irrigation Systems Ltd

Buy: Jain Irrigation Systems Ltd.

Target

Religare

Jain Irrigation Systems Ltd (JISL) reported a strong Q4FY17 result, in-line with our expectations. Net sales increased by 9.9% yoy, led by healthy growth in all the business divisions. EBITDA increased by 9.4% yoy while PAT jumped up by 78% yoy to Rs 44.4crs. The company's debt repayment initiative has paid off well resulting in saving in interest cost in Q4FY17. Maintain BUY.