Jain Irrigation Systems Ltd.

NSE: JISLJALEQS | BSE: 500219 | ISIN: INE175A01038 | Industry: Plastic Products
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60.8000 1.28 (2.15%)
NSE Mar 21, 2025 15:31 PM
Volume: 3.9M
 

60.80
2.15%

Jain Irrigation

KRChoksey
Revenue grew by 24.4% YoY to INR 20.9bn against our estimates of INR 19.6bn. The growth was led by agro processing segment (+39% YoY). Further, steady growth from Hi-tech and plastic segment also supported overall growth for the qtr. The revenue from hi-tech segment was up by 17% YoY to INR 10.1bn, while the same from plastic remained higher by 15% YoY to INR 5.9bn supported by low base. OPM dipped by 101bps YoY to 12.9% due to contraction in operational performance into Hi-tech and agro segments. OPM for both segment fell by 78bps YoY & 229bps YoY respectively. On the other side, plastic segment OPM improved by 65bps YoY to 9% due to improvement in the sales mix of PE. EBITDA grew by 15.4% YoY to INR 2.7bn against our estimates of INR 2.6bn. PAT was up by 84.4% YoY to INR 0.8bn against our estimates of INR 0.5bn. The beat is due to higher other income (+356% YoY)....
Jain Irrigation Systems Ltd. is trading below its 50 day SMA of 65.5
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