Jain Irrigation Systems Limited — Investor Meet, 31-10-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Jain Irrigation Systems Limited reported a challenging Q2 FY2025, with revenues around INR 1,200 crores, reflecting a 12% decline year-over-year. The sluggish performance was attributed to excessive rains affecting demand for drip irrigation products. However, cash flow remained strong, and debt was reduced by INR 57 crores. The company anticipates a recovery in the second half of the financial year, predicting improved demand and revenues post-Diwali, while focusing on expanding its retail business and reducing trade receivables.