Jain Irrigation reports 5% revenue growth despite deflation
Jain Irrigation Systems Limited reported 5% revenue growth to INR1,550 crores in Q1 FY26 despite deflationary pressures. The hi-tech agriculture segment surged 30%, while EBITDA margins improved from 15.2% to 16.6%.
Exports jumped 40% from INR88 crores to INR130 crores. However, the plastics segment declined 10% due to early monsoons and commodity price deflation.
The company maintains long-term debt of INR1,500 crores with INR250 crores due within nine months. Management targets 15% revenue growth for the full year and aims to double business size within 3-4 years.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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