Expect micro irrigation biz to grow by 20% in FY18: Jain Irrigation

Jain Irrigation Systems posted a steady set of earnings in Q4 as margins were intact while profit after tax (PAT) was aided by lower finance cost and depreciation.

In an interview to CNBC-TV18, Anil Jain, MD of Jain Irrigation Systems spoke about the results and his outlook for the company.

He said that the order book is strong at around Rs 2,000 crore and irrigation orders contribute about Rs 1,000 crore to the book.

He expects micro irrigation systems (MIS) business to grow by 20 percent in FY18.