Mumbai (Maharashtra) [India], August 10 (ANI): Jain Irrigation Systems on Tuesday posted a consolidated profit after tax of Rs 13 crore in Q1 FY22 against a loss of Rs 16 crore in the year-ago period.

Revenue registered a growth of 33 per cent to Rs 1,778 crore from Rs 1,339 crore in the same period.

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Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at Rs 264 crore while EBIDTA margin increased from 6 per cent to 14.8 per cent.

The company said its global order book now stands at Rs 3,804 crore.

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Anil Jain, Vice Chairman and Managing Director, said the working capital efficiency improved by 31 per cent (188 days) for standalone operations on y-o-y basis in terms of reduction in DSO (days sales outstanding).

On q-o-q basis, this has improved by 8 per cent (36 days) while for consolidated company, it has improved by 5 per cent (13 days) on y-o-y basis and flat on q-o-q basis.

The company has 33 manufacturing bases with 11 manufacturing facilities and five demo and research development farms in India besides 17 plants located across four continents. (ANI)

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