The company for Q3FY16 posted a muted kind of performance. Its overall consolidated revenue rose 6.5% at Rs.1409 crore. EBITDA for the quarter showed a degrowth of 0.1% at Rs.168 crore and net profit came in at Rs.9 crore v/s net loss of Rs.40 crore in previous Q3. Thus to that extent, it’s a turnaround story in current Q3 and hence better.

Its MIS, Food Processing, Pipes business expanded by 7.9%, 11.3%, and 13.1%, respectively. Other business remained subdued in this quarter. The contribution of overseas markets in consolidated revenue is at 50.5%.  Its revenue from overseas markets grew by 11%.  Its net debt at end of Q3 stood at Rs.4357 crore and QoQ, this has gone up 2%. 49% of this debt is in forex.

The company recently signed a MoU with Govt of Maharashtra and Coca-Cola India for setting up a Food Processing facility in Vidarbha (Maharashtra) at the Make In India week on February 13, 2016 at Mumbai. It made an entry into consumer retail market with soft launch of “AamRus” in Mumbai market .

The Budget almost always has a bag of goodies for the agriculture sector and Jain is always a beneficiary. Let us see what goodies it gets today.