Jain Irrigation Q1 finance cost may hurt bottomline

Operating profit may increase 1.9 percent year-on-year to Rs 162 crore but margin may contract 60 basis points to 15 percent in June quarter, according to a CNBC-TV18 poll.

August 10, 2015 / 11:09 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Jain Irrigation's first quarter standalone net profit is expected to be unchanged at Rs 16 crore compared to year-ago period. Revenue is seen rising 6.4 percent to Rs 1,082 crore year-on-year.

Operating profit may increase 1.9 percent year-on-year to Rs 162 crore but margin may contract 60 basis points to 15 percent in June quarter, according to a CNBC-TV18 poll.

Analysts expect micro irrigation systems (MIS) to see double digit growth and 20 percent growth in piping/sheet business. Agro-processing business could see 10 percent decline.

Updates on receivables, debt repayment and other income should be watched out for. Finance cost is likely to bear down on bottomline.

first published: Aug 10, 2015 08:00 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347