| Revenue growth | Q2 revenue up over 10% YoY; H1 up ~4% after weak Q1. |
|---|---|
| Margins | EBITDA margin 13.2% vs 13.9% YoY; high-tech steady ~18.8%. |
| Demand visibility | Weak: monsoon deficit hurts West/South; H2 seen flattish. |
| Management confidence | Balanced: upbeat on Q2, hesitant on H2 and drought. |
Growth
Q2 revenue up over 10% YoY; H1 about ₹3,100 Cr, up ~4%. EBITDA up YoY; ~₹206 Cr of EBITDA converted to cash.
Outlook
H2 guided flattish YoY. Piping 8–10% FY27 growth expected. ~₹100 Cr beverage capex by June; FY28 interest saving ~₹20 Cr.
Risks
Worst monsoon in decades hits West/South (80–85% of business); high polymer prices; ~₹1,860 Cr receivables; ~₹450–500 Cr debt repayments due.
Last quarter's promises, checked
Delivered
- Receivables ₹1,975 Cr (Jun) → ~₹1,860 Cr (= BEAT)
- Aug/Sep good, Q1 −2.5% → Q2 revenue up >10% YoY (= BEAT)
- Q1 cash conv 78% → ~₹206 Cr of ₹207 Cr EBITDA (= BEAT)
Partly delivered
- Console margin 12–13% FY27 → Q2 13.2% (= PARTIAL)
- ₹690 Cr NCDs via cash flow → ~₹450–500 Cr due (= PARTIAL)
- Adj PAT above FY26 → Q2 ₹40 Cr, YoY n/a (= PARTIAL)
Missed
- H2 'really strong' → H2 guided flattish YoY (= MISS)
- Polymer hikes mostly passed on → no pricing power (= MISS)
- Monsoon 'not as bad' → 'worst in decades' (= MISS)
Earnings Call Transcript filed with NSE, NSE: JISLJALEQS. Summary written with AI assistance from the document.
Jain Irrigation Systems Ltd: key numbers
- Share price
- ₹28.55
- Market cap
- ₹2,040 Cr
- Revenue (annual)
- ₹6,400 Cr
- Net profit (annual)
- ₹-24.61 Cr
- P/E (TTM)
- -38.2×Sector 51.9×
- Promoter holding
- 26.68%+0.00% QoQ
- FII holding
- 2.13%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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Jain Irrigation Systems Q2 FY27 Results: Net Profit ₹18 Cr, Up 17.6% YoY
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- Key figure
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- From
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