In-line results; MIS likely to bounce back Results in line with estimates: Jain Irrigation's (JI) overall revenues increased 3.8% YoY to INR16.6b in 1QFY17 (in line with our estimate of INR17.1b). EBITDA stood at INR2.3b (in line with our estimate), with margins increasing 160bp YoY to 14.1% (v/s our estimate of 13.8%). Consequently, adjusted PAT for the quarter stood at INR585m (v/s our estimate of INR531m), as against INR144m in 1QFY16 (mainly due to a spurt in other income to INR131m from INR60m in...