Key takeaway: Management reported that Jain Irrigation Systems Limited achieved a revenue of approximately INR 1,800 crores in Q4 FY26, reflecting a nominal growth of 4.3% compared to the same period last year. The Hi-Tech business, primarily focused on drip irrigation, grew by 8%, while the Agro Processing segment saw a 6% increase. Overall EBITDA grew by 7%, with Hi-Tech EBITDA showing a significant increase of 22%. Management noted challenges in the Plastic business due to high raw material prices and a slow quarter. For the entire fiscal year, revenue grew by 11%, with Hi-Tech business growth exceeding 20%. Management highlighted a substantial increase in operating cash flow and emphasized a focus on improving cash flow and managing debt obligations. The company plans to enhance its beverage manufacturing and tomato processing collaborations, while also addressing challenges in the European and U.S. markets. Management expressed cautious optimism about future growth despite recent market volatility.

Key takeaway: Management reported that Jain Irrigation Systems Limited achieved a revenue growth of approximately 17.4% in Q3 FY26, reaching nearly Rs. 1,600 crore. The growth was driven by the Hi-Tech business, which includes drip irrigation and tissue culture, growing 16% to Rs. 625 crore, and the plastic business, which grew 18% to Rs. 462 crore. Agro processing also saw an 18.5% increase to Rs. 509 crore. Retail sales grew significantly by 24%, indicating a shift towards more efficient working capital management. However, management noted a 34% decline in export revenues compared to the previous year. EBITDA for the quarter was reported at 10.5%, down from 12.9% the previous year, attributed to lower production in certain segments due to seasonal challenges. Management expressed confidence in achieving an overall revenue growth of over 15% for the fiscal year, despite some challenges in the current quarter.