Q3 2026 Jain Irrigation Systems Ltd Earnings Call Transcript
Key Points
- Jain Irrigation Systems Ltd (BOM:500219) reported a strong revenue growth of 17.4% for Q3 FY '26, reaching close to INR1,600 crore.
- The Hi-tech business segment, which includes drip irrigation and tissue culture, grew by 16%, contributing significantly to the overall revenue increase.
- The Agro Processing segment saw an 18.5% growth, indicating robust performance in processing fruits, vegetables, and spices.
- Retail sales in the piping and irrigation segments increased by 24%, highlighting a successful shift towards retail-focused growth.
- The company achieved a reduction in inventory by INR100 crore, improving cash flow and working capital efficiency.
- EBITDA margin decreased from 12.9% to 10.5% compared to the same period last year, with a slight reduction in absolute EBITDA from INR175 crore to INR168 crore.
- The plastic business faced challenges due to lower resin prices and extended rainy seasons, impacting profitability.
- Export business experienced a decline, with exports reducing by 34% compared to the same quarter last year.
- The Agro Processing division faced seasonality issues, leading to lower production and fixed cost absorption.
- The company reported a net profit loss due to non-cash items, including a new labor code adjustment and a goodwill write-off from a liquidated European subsidiary.
Ladies and gentlemen, good day, and welcome to Jain Irrigation Systems Q3 FY '26 earnings conference call hosted by DRChoksey Finserv Private Limited. (Operator Instructions) Please note that, this conference is being recorded. I hand the conference over to Ms. Bhavya Sharma from DRChoksey Finserv Private Limited. Thank you, and over to you, Ms. Sharma.
Thank you. Good afternoon, everyone, and welcome to Jain Irrigation Systems Limited earnings call to discuss the Q3 FY '26 results. Today, we have on call Mr. Anil Jain, CEO and MD; and Mr. Bipeen Valame, Chief Financial Officer.
We must remind you that the discussion on today's call may include certain forward-looking statements that may involve known and unknown risks, uncertainties and other factors and must therefore be viewed in conjunction with the risks that the company faces. Future results, performance or achievements may differ significantly from what is expressed and implied by such forward-looking statements. Please note the results and
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