Jain Irrigation Systems Ltd (JISL) disclosed its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27) through an investor communication dated August 10, 2026.

Financial Performance

Consolidated Results (₹ crore):

  • Total Revenue: ₹1,587.8 crore (compared to ₹1,652.2 crore as of March 31, 2026, and ₹1,594.1 crore as of June 30, 2025)
  • Total Debt: ₹3,891.2 crore (compared to ₹3,901.6 crore as of March 31, 2026, and ₹3,665.3 crore as of June 30, 2025)
  • Net Worth: ₹2,434.1 crore (compared to ₹2,410.1 crore as of March 31, 2026, and ₹2,403.0 crore as of June 30, 2025)
  • Cash from operations stood at 78% of EBITDA on a consolidated basis
  • Adjusted PAT remained positive (calculated before unwinding of finance costs related to 0.01% NCDs/EBCs)

Standalone Results (₹ crore):

  • Total Revenue: ₹1,636.7 crore (compared to ₹1,630.8 crore as of March 31, 2026, and ₹1,533.0 crore as of June 30, 2025)
  • Total Debt: ₹2,367.8 crore (compared to ₹2,334.7 crore as of March 31, 2026, and ₹2,164.0 crore as of June 30, 2025)
  • Net Worth: ₹950.9 crore (compared to ₹888.2 crore as of March 31, 2026, and ₹933.0 crore as of June 30, 2025)

Divisional Performance Q1 FY27

Hi-Tech Agri Division:

  • Micro Irrigation Systems (MIS) business revenue declined 23.7% YoY due to lower project business billing, delayed monsoon, and West Asia crisis
  • Tissue Culture business revenue declined 10.7% YoY due to delayed sowing by farmers
  • EBITDA margin contracted by 220 bps primarily due to lower fixed cost absorption on reduced volumes
  • Company passed on higher raw material prices to end customers

Plastic Division:

  • Overseas plastic business delivered strong performance with over 45% revenue growth
  • Domestic retail pipe demand impacted by delayed monsoon and West Asia crisis uncertainty
  • EBITDA margin improved by 110 bps with India business maintaining margins and overseas business showing improvement

Agro Processing Division:

  • Revenue growth supported by incremental contributions from beverage manufacturing and fruit pulp business in India
  • Overseas European operations also contributed to revenue growth
  • Margins impacted by higher freight and power costs, though overseas business margins improved YoY

Capital Structure and Debt Profile

Consolidated Debt Breakdown (₹ crore as of June 30, 2026):

  • Long Term Debt: ₹1,523.4 crore
  • JISL Term Loans/RBI Trade Relief: ₹30.7 crore
  • JISL NCDs @0.01%: ₹831.1 crore
  • Plastic Overseas: ₹208.8 crore
  • Food Consolidated: ₹517.2 crore
  • Working Capital (Fund Based): ₹2,367.8 crore
  • JISL, India: ₹1,636.7 crore
  • Plastic Overseas: ₹114.8 crore
  • Food Consolidated: ₹616.3 crore

Debt Repayment Schedule:

  • FY27 (9 months): ₹874.0 crore
  • FY28: ₹433.4 crore
  • FY29: ₹117.0 crore
  • FY30: ₹33.7 crore
  • Beyond FY31: ₹129.7 crore

Working Capital Management

Consolidated Working Capital Cycle (Days):

  • As of June 30, 2026: 183 days (Inventory: 127 days, Accounts Receivable: 127 days)
  • As of March 31, 2026: 186 days (Inventory: 119 days, Accounts Receivable: 130 days)
  • As of June 30, 2025: 210 days (Inventory: 131 days, Accounts Receivable: 139 days)

Divisional Working Capital (Days as of June 30, 2026):

  • Hi-Tech Agri: 316 days (Inventory: 149 days, AR: 223 days)
  • Plastic: 99 days (Inventory: 63 days, AR: 89 days)
  • Agro/Food: 122 days (Inventory: 165 days, AR: 63 days)

Working capital cycle improved by 3 days sequentially (from 186 to 183 days) with net working capital release of ~₹80 crore, mainly from Agro Processing business. Substantial improvement of 27 days YoY (from 210 to 183 days) representing net working capital release of ~₹175 crore across all divisions.

Order Book

Order book position disclosed but specific amounts not quantified in the disclosure. The order book does not include orders received from retail channel in regular course of business.

Management Commentary and Outlook

Anil Jain, Vice Chairman & Managing Director, provided commentary:

  • Q1 FY27 saw consolidated revenues remain broadly steady year-on-year
  • Volatility in polymer prices and delayed monsoon affected domestic pipe and drip businesses
  • Business momentum improved progressively through May and June 2026
  • Company successfully passed on higher raw material costs to customers
  • Positive outlook with polymer prices stabilizing and improved rainfall expected to strengthen agricultural demand
  • Company remains confident of delivering double-digit revenue growth in FY27
  • Reiterated EBITDA margin guidance of ~14% on standalone basis and 12.5% on consolidated basis
  • Expect significantly stronger performance in second half of FY27
  • Full-year objectives subject to stability in geopolitical events

Recent Developments

Company commissioned an industrial-scale high-tech biochar facility in Jalgaon, Maharashtra, among the world's largest single-unit biochar reactors, processing ~20,000 tonnes of agricultural and fruit residue annually (announced June 2, 2026).

Earnings Conference Call

Scheduled for Monday, August 10, 2026 at 04:30 PM IST with provided dial-in numbers for domestic and international participants.