Jain Irrigation Systems Limited Announces Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2018; Provides Tax Rate and Depreciation Guidance for the Year 2019
May 23, 2018 at 09:01 am
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Jain Irrigation Systems Limited announced audited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2018. For the quarter, on standalone basis, the company reported revenue from operations of INR 15,686.7 million compared to INR 13,155.2 million a year ago. Profit from ordinary activities but before exceptional items was INR 1,669.7 million compared to INR 1,816.5 million a year ago. Profit before tax was INR 1,669.7 million compared to INR 1,816.5 million a year ago. Profit after tax was INR 1,594.4 million compared to INR 1,233.2 million a year ago. Profit attributable to owners of equity was INR 1,594.4 million compared to INR 1,233.2 million a year ago. Basic and diluted earnings per share were INR 3.09 compared to INR 2.39 a year ago. EBIDTA was INR 3,008 million compared to INR 2,399 million a year ago. Total net debt as on March 31, 2018 was INR 9.37 billion.
For the year, on standalone basis, the company reported revenue from operations of INR 43,364.2 million compared to INR 38,639.5 million a year ago. Profit from ordinary activities but before exceptional items was INR 2,909 million compared to INR 2,031.8 million a year ago. Profit before tax was INR 2,909 million compared to INR 2,031.8 million a year ago. Profit after tax was INR 2,810.8 million compared to INR 1,638 million a year ago. Profit attributable to owners of equity was INR 2,810.8 million compared to INR 1,638 million a year ago. Basic and diluted earnings per share were INR 5.45 compared to INR 3.18 a year ago. EBIDTA was INR 7,597 million compared to INR 6,597 million a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 27,777 million compared to INR 22,656 million a year ago. Profit from ordinary activities but before exceptional items was INR 1,729.8 million compared to INR 1,584.9 million a year ago. Profit before tax was INR 1,729.8 million compared to INR 1,584.9 million a year ago. Profit after tax was INR 926.9 million compared to INR 776.3 million a year ago. Profit attributable to owners of equity was INR 973.7 million compared to INR 767.4 million a year ago. Basic and diluted earnings per share were INR 1.89 compared to INR 1.49 a year ago. EBIDTA was INR 4,321 million compared to INR 3,604 million a year ago. Adjusted PAT was INR 1,742 million compared to INR 768 million a year ago. Total net debt as on March 31, 2018 was INR 38.91 billion.
For the year, on consolidated basis, the company reported revenue from operations of INR 79,990.6 million compared to INR 69,393.2 million a year ago. Profit from ordinary activities but before exceptional items was INR 2,991.7 million compared to INR 2,429.7 million a year ago. Profit before tax was INR 2,991.7 million compared to INR 2,429.7 million a year ago. Profit after tax was INR 2,212.8 million compared to INR 1,762.4 million a year ago. Profit attributable to owners of equity was INR 2,193.2 million compared to INR 1,694.7 million a year ago. Basic and diluted earnings per share were INR 4.25 compared to INR 3.29 a year ago. EBIDTA was INR 11,528 million compared to INR 10,029 million a year ago. Adjusted PAT was INR 2,962 million compared to INR 1,695 million a year ago. CapEx was close to INR 5.5 billion.
For the year 2019, the company expects effective tax rate, closer to about 24%, 25%. Expected depreciation in Fiscal Year 2019 is about INR 3.5 billion and growth CapEx, as well as maintenance CapEx put together, combined in India -- outside India, should remain in that region. So plus, minus 10% of that figure is where the company should be and that would get funded through internal accruals and did not actually borrow for specific on that purpose.
Jain Irrigation Systems Limited is an India-based micro-irrigation company. The Company is engaged in providing solutions in agriculture, piping and infrastructure through manufacturing of micro irrigation systems, polyvinyl chloride (PVC) Pipes, high density polyethylene (HDPE) pipes, plastic sheets, agro processed products, renewable energy solutions, tissue culture plants, financial services and other agricultural inputs. Its segments include Hi-tech Agri Input Products division, which include micro and sprinkler irrigation, solar Agri pump, integrated irrigation projects and tissue culture plants; Plastic division, which includes PVC piping products, polyethylene piping products, piping projects and plastic sheets; Agro Processing division, which includes fruits, onion products and biogas, and Other business division, which includes equipment manufacturing, solar thermal products, solar photovoltaic grid and off grid products and also includes solar power generation investments.
Jain Irrigation Systems Limited Announces Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2018; Provides Tax Rate and Depreciation Guidance for the Year 2019