Jain Irrigation Systems Limited announced its financial results for the quarter and half-year ended September 30, 2026. For the second quarter of FY27, the company reported a consolidated revenue of ₹1,576.7 crore, a 10.1% increase year-over-year. Consolidated EBITDA rose by 4.2% to ₹207.5 crore. The company noted strong performance in its Agro Processing and overseas Plastics businesses, despite challenging market conditions in some segments.
Jain Irrigation Systems Reports Q2 FY27 Financial Results
Jain Irrigation Systems Limited (JISL) has announced its financial results for the second quarter (Q2 FY27) and the first half (H1 FY27) of the financial year, ending September 30, 2026. The company reported a consolidated revenue of ₹1,576.7 crore for Q2 FY27, marking a significant 10.1% increase compared to ₹1,432.3 crore in Q2 FY26. Consolidated EBITDA for the quarter grew by 4.2% to ₹207.5 crore, from ₹199.2 crore in the prior year’s comparable period. The consolidated EBITDA margin stood at 13.2%.
Standalone Performance and Key Metrics
On a standalone basis, the company’s total income for Q2 FY27 was ₹725.1 crore, a 4.9% increase from ₹691.3 crore in Q2 FY26. However, standalone EBITDA saw a decline of 9.7% to ₹97.2 crore from ₹107.6 crore in the same period last year, with the EBITDA margin contracting to 13.4% from 15.6%.
Adjusted PAT (profit after tax) on a consolidated basis increased by 13.2% to ₹39.5 crore in Q2 FY27. Reported PAT saw a 17.4% increase to ₹18.0 crore. Standalone Adjusted PAT declined by 67.2% to ₹7.1 crore, and standalone reported PAT was a loss of ₹14.5 crore.
Half-Yearly Performance
For the first half of FY27 (H1 FY27), consolidated total income reached ₹3,085.0 crore, up 3.6% from ₹2,978.0 crore in H1 FY26. Consolidated EBITDA for H1 FY27 was ₹371.9 crore, a decrease of 7.3% from ₹401.2 crore in the previous year.
Standalone total income for H1 FY27 declined by 11.5% to ₹1,424.4 crore. Standalone EBITDA also fell by 21.4% to ₹181.5 crore.
Management Commentary
Mr. Anil Jain, Vice Chairman and Managing Director, commented that Q2 FY27 was a good quarter despite the challenging business environment. He highlighted the consolidated revenue growth and healthy EBITDA margin, attributing strong performance to Agro Processing and overseas Plastics businesses. Improved receivables collections led to standalone operating cash flow reaching 180% of EBITDA, enabling timely repayment of NCDs. The company remains focused on improving collections and strengthening cash flow.
Challenges noted include adverse weather patterns, drought conditions in India affecting demand for micro-irrigation systems and agricultural pipes, and higher polymer and freight costs due to developments in West Asia. These were managed through timely pricing actions and supply chain management. The company also mentioned that polymer prices increased sharply during Q2 FY27 due to supply concerns, and policy measures like Minimum Import Price on PVC resin and withdrawal of customs duty exemption have helped reduce price volatility.
About Jain Irrigation Systems Ltd.
Jain Irrigation Systems Limited (JISL) is an Indian multinational company engaged in manufacturing Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial Services, and other agricultural inputs. With a motto of ‘Small Ideas, Big Revolutions,’ JISL has over 10,000 associates worldwide and operates manufacturing plants in 19 locations globally. The company is listed on NSE-Mumbai (JISLJALEQS) and BSE (500219).
Source: BSE
