	Q3/FY10	Q3/FY09	Growth
Revenue	630.9	531.9	19%
EBIDATA	129.7	116.5	12%
Depriciation	16.8	11.2	50%
EBIT	112.9	105.3	7%
Exchange Rate Gain/(Loss)	13.2	(10.9)	-
Finance Charges	45.1	38.1	18%
PBT	81.6	56.2	45%
Tax Expenses (*)	24.2	0.6	-
PAT	57.4	55.6	3%
(*) FY09 full tax liability provision was done in March.

Jalgaon, Jan 28, 2010 : The net sales for the quarter were at Rs. 631 crores up 19% (against corresponding quarter net sales in FY09 at Rs 532 crores).; Micro Irrigation Division (MIS) has shown a growth of 27%, this could have been higher but for unseasonal rain in Oct / Nov and continued disruption in AP business. Pipe business grew up by 18%, agro processing business has come back into double digit growth mode, recording a growth of 16%.

Exports business has demonstrated a revival of overseas demand and improving environment. Overall exports for the company were up by 16%, MIS exports have more than doubled. Pipe exports has achieved a smart growth of 29%; Onion business and fruit processing business have shown a growth of 19% & 15% respectively

Corporate EBIDTA for the quarter was at Rs 130 Crores (Rs 117 Crores) demonstrating a growth of 12%. The corporate EBIDTA margin is down by 130 bps for the quarter at 20.6% due to higher raw material price of our food division. Overall finance cost was at Rs 45 Crores registering 18% increase in line with the revenue growth.

Company has achieved Profit Before Tax of Rs 82 Crores in this quarter, up 45%. In this quarter the company has also made tax provisions of Rs 24 Crores. Net profit grew by 3% at Rs. 57 Crores. (Against corresponding quarter net profit of Rs 56 Crs). Moderate growth in net profit has been partly due to lower than expected growth in MIS business and higher prices of raw material for our food division.

Current robust order book and busy season across various divisions would ensure significant growth in 4th quarter.

Mr Anil Jain, Managing Director of the Company said, "December quarter became quite challenging due to few unforeseen events over which we had no control such as unseasonal rains and floods in various parts of country and also significant business disruptions in one of our major markets in southern India. Our associates did a great job by still maintaining robust growth by finding new markets for our products in India and overseas.

In the current quarter we expect stable environment in which we shall return to significant higher sales and consequently better margin growth for this quarter, as well as for full year, as we had predicted at start of the year. Going forward in next few quarters, challenge will be to manage inflationary environment while retaining growth momentum which is very visible in our markets.�

The results were approved at Board Meeting on 28th January, 2010 at Jalgaon.

About Jain Irrigation
Jain Irrigation is a diversified Company with more than 6,500 employees and a product portfolio encompassing Irrigation Product, Piping Products, Plastic Sheets, Dehydrated Foods, Fruit Puree and Juice concentrates. Jain Irrigation has pioneered drip irrigation for small farmers in India and has a major market share in one of the fastest growing irrigation markets in the world and is also the second largest drip irrigation Company in the world.