Jain Irrigation Systems Limited has informed the Exchange about Investor Communication Q1 FY26 Financial Results
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Jain Irrigation Systems reported Q1 FY26 consolidated revenue of ₹15,456 million, up 4.6% year-on-year, with EBITDA rising 13% to ₹2,020 million and EBITDA margin improving by 100 basis points to 13.1%. Standalone revenue grew 7.3% to ₹9,192 million with EBITDA up 15.5%. The Hi-Tech Agri division was the star performer, with revenue up 29.5% and EBITDA margin expanding 137 basis points to 16.6%, driven by micro irrigation, tissue culture and exports. The Plastic division disappointed, with revenue falling 10% and margins slipping to 10.2% on weak PVC pipe demand due to early monsoon and a strategic pullback from projects. Order book stood at ₹18,044 million on a consolidated basis, and an equity infusion during the quarter supported working capital and growth plans.
Mixed quarter for shareholders: strong Hi-Tech Agri momentum and margin expansion are positives, but continued weakness in the plastic pipe business and flat PAT are concerns. Management's guidance for pipe business revival in H2 FY26 and improving working capital cycle offer some comfort, though plastic segment drag may weigh on near-term sentiment.