Jain Irrigation Systems Limited — Investor Meet, 21-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Jain Irrigation’s Q4 revenue rose 1.3% to INR1,750 Cr with EBITDA up 3% to INR225 Cr, driven by 16.8% growth in Hi-Tech and 14.6% in Agro Processing; PAT turned positive at INR28 Cr. Annual revenue fell 6% to INR5,800 Cr, EBITDA declined 9% to INR717 Cr, but cash flow enabled INR257 Cr debt reduction (net ~INR3,500 Cr). FY26 outlook targets high teens revenue and 23-24% EBITDA growth, fueled by tissue culture, solar pumps, piping demand, exports, and retail expansion. Government EPC receivables of ~INR750-800 Cr support debt repayment. Focus remains on free cash flow, working capital efficiency, and structural stability.