Jain Irrigation Systems reports strong Q2 FY26 earnings with revenue and EBITDA growth

Jain Irrigation Systems Ltd. reported a 20% increase in overall income for Q2 FY26, reaching INR 1,432 crores compared to INR 1,191 crores in the same period last year. This growth, achieved in a deflationary environment, translated to a 25% increase on a quantity basis. EBITDA for the company surged by 43%, demonstrating the quality of earnings. For the first half of FY26, overall growth stands at approximately 12%.

The high-tech business segment led with 39% growth, while plastics grew by 9.5% and agro-processing by 15%. High-tech EBITDA also saw a 37% increase, with agro-processing margins improving from low single-digit to double-digit. The company anticipates strong Q3 and Q4 results, projecting overall annual growth to exceed 15%.

The company plans to complete the majority of its INR 1,900 crores consolidated order book within the next six months, with INR 1,500 crores expected by March and the remainder by September. Export business saw a 38% growth in the first half to INR 259 crores.