Profit

Full year margins expected near 20%: Jain Irrigations

PUBLISHED ON: February 5, 2013 | Duration: 4 min, 59 sec

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Jain Irrigations stock slipped sharply after the company reported a weak set of quarterly earnings. Managing director Anil Jain, however, expects the next quarter to be stronger and says that the micro irrigation system division will start to show positive growth from the next quarter. The management also expects margins to strengthen saying full year margins will be near 20%.
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