Press Release Q4/FY2026
JISLJALEQS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jain Irrigation Systems reported consolidated revenue of ₹1,824 crs in Q4FY26 (+4.3% YoY) and ₹6,399.5 crs for the full year (+10.7%). EBITDA grew 12.8% to ₹809 crs with margins expanding 24 bps to 12.6%. However, reported consolidated PAT turned deeply negative at -₹40 crs for FY26 versus +₹25.7 crs in FY25, a -255.7% decline, driven by exceptional items, deferred tax re-measurement impact, and unwinding of finance costs on 0.01% NCDs. Adjusted PAT (excluding these items) was ₹133.1 crs, up 36% YoY, showing underlying profitability improvement. Cash generation was strong with operating cash flow of ₹619 crs (76% of EBITDA). The company flagged risks from rising polymer prices, global geopolitical uncertainties, and a below-normal monsoon forecast for 2026.
The underlying business is performing well with double-digit revenue growth and margin expansion, but large exceptional/non-cash charges pushed reported PAT deeply negative, which may concern investors focused on headline earnings. The strong operating cash flow and improved working capital management are positives.