New Delhi, May 30 (PTI) Jain Irrigation on Monday posted a more than five-fold jump in its consolidated net profit to Rs 279.06 crore in the fourth quarter of 2021-22 on higher income.

The Jalgoan-based company had clocked a net profit of Rs 49.06 crore in the same quarter of the previous fiscal, according to a regulatory filing.

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Total income on a consolidated basis rose by 8.63 per cent to Rs 2,084.88 crore in the quarter ended on March 31, 2022, compared to Rs 1,919.12 crore in the year-ago period.

Total expenses remained higher at Rs 1,992.73 crore against Rs 1,897.91 crore in the said period.

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In the full 2021-22 fiscal year, the company posted a consolidated net profit of Rs 328.63 crore when compared to a net loss of Rs 402.72 crore in the previous fiscal.

Total income rose to Rs 7,138.19 crore in 2021-22 from Rs 5,813.26 crore in the previous year.

Jain Irrigation is into the manufacturing of micro-irrigation systems, PVC and HDPE pipes, plastic sheets, agro-processed products, renewable energy solutions, tissue culture plants, financial services and other agricultural inputs.

Shares of the company settled up 2.30 per cent at Rs 37.85 apiece on the BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)