JAIN IRRIGATION SYSTEMS = Q2 FY 2011 (SEPT 2010) RESULTS = VERY GOOD PERFORMANCE = FUTURE PROMISING

Jain Irrigation Systems Limited

NSE Symbol     JISLJALEQS

JAIN IRRIGAYION SYSTEMS LIMITED has reported encouraging results for Q2/E Sept 2010.

Net Sales is Rs.636.83 Cr – down by 11.63% from previous qtr but UP BY 15.82% from corresponding Qtr.

Profit from Operations is Rs.140.26 cr – up by 12.06% from previous Qtr and up by 28.47% from corresponding Qtr.

Net Profit is Rs.61.99 Cr – up by 18.51% from previous Qtr and up by 45.65% from corresponding Qtr.

Basic EPS  is Rs.8.13 compared to Rs.6.87 of previous Qtr and Rs.5.66 of corresponding Qtr – on a Face Value of Rs.10.

The company has approved the split in the face value of the Equity Shares from Rs.10 each to Rs.2 each.

The Rs.2 share is currently quoting at Rs.231.

The company has a good Product line and a world wide Market. It can be expected to grow well in future.

JAIN IRRIGATION	30-Sep-10	30-Jun-10	DIF %1	30-Sep-09	DIF %2
Net Sales	63683	72060	-11.63	54986	15.82
Other Operating Income	423	506	-16.4	1265	-66.56
SIT & WIP	2631	-25844	-110.18	-7596	-134.64
Raw Materials	31016	64825	-52.15	38354	-19.13
Employees Cost	3569	2889	23.54	2336	52.78
Depreciation	2087	2032	2.71	1602	30.27
Other Expenditure	10777	16147	-33.26	10637	1.32
Total Expenditure	50080	60049	-16.6	45333	10.47
Profit from Operations	14026	12517	12.06	10918	28.47
Other Income	65	26	150	26	150
Interest	5210	4906	6.2	4609	13.04
P B T	8881	7637	16.29	6335	40.19
Tax expense	2682	2406	11.47	2079	29
Net Profit	6199	5231	18.51	4256	45.65
Face Value.Rs	10	10	0	10	0
Paid Up Equity	7624	7622	0.03	7544	1.06
Basic EPS	8.13	6.87	18.34	5.66	43.64
Diluted EPS	8.11	6.86	18.22	5.64	43.79
Public holding (%)	59.24	69.24	-14.44	68.92	-14.05

ANNOUNCEMENTS

TO THE EXCHANGE

08-11-2010        Jain Irrigation Systems Limited has informed the Exchange regarding a press release dated November 08, 2010, titled "Jain Irrigation declares impressive second quarter performance. Revenues for continued businesses up 19%".

08-11-2010        Jain Irrigation Systems Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 63683 lacs for quarter ending on 30-SEP-2010 against Rs. 54986 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 6199 lacs for the quarter ending on 30-SEP-2010 against Rs. 4256 lacs for the quarter ending on 30-SEP-2009.      -

03-11-2010        Jain Irrigation Systems Limited has informed the Exchange regarding a press release dated November 03, 2010, titled "Jain Irrigation acquires controlling stake in UK based Sleaford Quality Foods Ltd."

11-10-2010        Jain Irrigation Systems Limited has informed the Exchange vide its letter dated October 11, 2010 regarding a press release dated October 08, 2010, titled "IFC Award to India's Jain Irrigation Highlights Development Benefits of Sustainable Water Use".

29-09-2010        Jain Irrigation Systems Limited has informed the Exchange that split in the face value of the Equity Shares of the Company from Rs.10 each to Rs.2 each is approved by the Shareholders in the Annual General Meeting held on September 29, 2010.

09-08-2010        Jain Irrigation Systems Limited has informed the Exchange regarding a press release dated August 09, 2010, with respect to Audited and Consolidated Results for the year ended March 31, 2010 and Un-audited working financial results for the quarter ended June 30, 2010.

09-08-2010        Jain Irrigation Systems Limited has informed the Exchange that Board of Directors at its meeting held on August 09, 2010, have approved split of equity shares from Rs. 10 face value to Rs. 2 face value.    

09-08-2010        Jain Irrigation Systems Limited has informed the Exchange that the Board of Directors at its meeting held on August 09, 2010, recommended dividend: (a) 4% Preference Shares and 1% Preference shares outstanding (b) Equity Shares @ Rs. 4.50 per share of the Company.  

09-08-2010        Jain Irrigation Systems Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 338577 lacs for year ending on 31-MAR-2010 against Rs. 281988 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 24759 lacs for the year ending on 31-MAR-2010 against Rs. 12945 lacs for the year ending on 31-MAR-2009.

09-08-2010        Jain Irrigation Systems Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 269439 lacs for year ending on 31-MAR-2010 against Rs. 215094 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 27125 lacs for the year ending on 31-MAR-2010 against Rs. 12019 lacs for the year ending on 31-MAR-2009.

09-08-2010        Jain Irrigation Systems Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 72060 lacs for quarter ending on 30-JUN-2010 against Rs. 56688 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 5231 lacs for the quarter ending on 30-JUN-2010 against Rs. 5559 lacs for the quarter ending on 30-JUN-2009.

06-08-2010        Jain Irrigation Systems Limited has informed the Exchange regarding a press release dated August 06, 2010, titled "Jain Irrigation Bags Rs.1,683 Million Order of Shiggaon Sprinkler Irrigation Project in Karnataka".

11-05-2010        Jain Irrigation Systems Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 94409 lacs for quarter ending on 31-MAR-2010 against Rs. 68500 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 11734 lacs for the quarter ending on 31-MAR-2010 against Rs. 1325 lacs for the quarter ending on 31-MAR-2009.

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