Standalone PAT for Q1 FY11 quarter of Rs 52.3 crore was, the company said in a statement here.
"It was another good quarter for the overall result. After seeing a modest export market for some time, we have witnessed improved sentiments World reasonable growth in our exports among firms," Jain CEO Anil Jain Irrigation said.
"We have a good number of companies around the backlog, which will help us to increase the overall performance in the coming quarters," he said.
Company's net sales grew by 29.3% RS 931.6 crore in the quarter compared to SR 720.6 crore.
The board of directors of the company approved a dividend of Re 1 per equity share of Rs 2 each for the year ended March 31, 2011, the release added.