Jain Irrigation Systems Limited has informed the Exchange about Transcript
JISLJALEQS · price
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Jain Irrigation reported Q2 FY26 revenue of Rs. 1,432 crores, up 20% year-on-year, with EBITDA growing 43% to Rs. 13.9% margin. The high-tech (micro-irrigation) segment grew 39%, plastics 9.5%, and agro-processing 15%. H1 FY26 revenue stood at ~Rs. 3,000 crores, putting the company on track for 15%+ annual growth, with management expressing confidence in a strong H2. The consolidated order book is Rs. 1,900 crores, of which Rs. 1,500 crores is expected to be executed by March 2026. A new beverage bottling partnership is expected to add Rs. 400-500 crores at full capacity utilization, with significant revenue contribution from FY27. Management also flagged GST reduction on drip irrigation (12% to 5%) as a positive demand catalyst and indicated a possible IPO for the food subsidiary Jain Farm Fresh in calendar year 2026.
Strong Q2 results with revenue and EBITDA both growing double-digits and EBITDA growth outpacing revenue signal operational leverage. The Rs. 1,900 crore order book visibility, debt reduction plan funded by internal accruals, and net margin improvement roadmap (1-2% to 5-7%) are positive for shareholders, though the long timeline for realizing legacy government receivables (Rs. 900 crores) remains a watchpoint.