Jain Irrigation Q1 FY27 Consolidated Revenue ₹1,508 Cr

Jain Irrigation Systems Limited reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27) following a Board Meeting held on August 10, 2026.

Financial Performance - Consolidated

• Total Income: ₹1,508.4 crores (Q1 FY26: ₹1,545.6 crores), representing a decrease of 2.4% year-on-year
• EBITDA: ₹164.3 crores (Q1 FY26: ₹202.0 crores), representing a decrease of 18.7% year-on-year
• EBITDA Margin: 10.9% (Q1 FY26: 13.1%), a decline of 217 basis points
• PAT: -₹17.8 crores (Q1 FY26: ₹11.2 crores), representing a decrease of 259.1% year-on-year
• Adjusted PAT: ₹3.1 crores (Q1 FY26: ₹30.5 crores), representing a decrease of 89.7% year-on-year. Adjusted PAT is calculated before unwinding of finance costs (non-cash) related to 0.01% NCDs/EBCs.
• Cash PAT: ₹55.9 crores (Q1 FY26: ₹79.2 crores), representing a decrease of 29.4% year-on-year
• Cash PAT Margin: 3.7% (Q1 FY26: 5.1%), a decline of 142 basis points

Financial Performance - Standalone

• Total Income: ₹699.3 crores (Q1 FY26: ₹919.2 crores), representing a decrease of 23.9% year-on-year
• EBITDA: ₹84.3 crores (Q1 FY26: ₹123.4 crores), representing a decrease of 31.7% year-on-year
• EBITDA Margin: 12.1% (Q1 FY26: 13.4%), a decline of 137 basis points
• PAT: -₹13.9 crores (Q1 FY26: ₹7.1 crores), representing a decrease of 297.5% year-on-year
• Adjusted PAT: ₹7.0 crores (Q1 FY26: ₹26.4 crores), representing a decrease of 73.5% year-on-year
• Cash PAT: ₹29.4 crores (Q1 FY26: ₹48.6 crores), representing a decrease of 39.5% year-on-year
• Cash PAT Margin: 4.2% (Q1 FY26: 5.3%), a decline of 109 basis points

Management Commentary

Mr. Anil Jain, Vice Chairman and Managing Director, commented that Q1 FY27 saw consolidated revenues remain broadly steady year-on-year, supported by strong performance from the Agro Processing business and overseas Plastic operations. The quarter was shaped by volatility in polymer prices and the timing of the monsoon, which led to some customer purchases in the domestic pipe and drip businesses moving into subsequent periods. Business momentum improved progressively through May and June, and the company was successful in passing on higher costs of raw materials.

Outlook and Guidance

The outlook ahead is positive with polymer prices stabilizing and improved rainfall expected to strengthen agricultural demand in the coming months. Management remains confident of delivering double-digit revenue growth in FY27 and reiterates EBITDA margin guidance of around 14% on a standalone basis and 12.5% on a consolidated basis. With demand conditions improving, the company expects a significantly stronger performance in the second half and remains firmly on track to deliver full-year objectives subject to stability in geopolitical events.

Business Overview

The company, its subsidiaries and associates are engaged in manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial Services and other agricultural inputs. The company has more than 10,000 associates worldwide and revenue of ₹64.0 billion, with manufacturing plants in 19 locations across the globe.