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Jain Irrigation's Q1 FY27 saw muted results, with revenue down 2.5% to ₹1,500 Cr, and adjusted PAT at ₹3 Cr. Hi-Tech experienced degrowth, while Agro-Processing showed significant growth. Management anticipates a strong second half, citing improved monsoon and expected demand recovery. The company is confident in meeting its ₹690 Cr debt obligations this fiscal year through internal accruals, legacy receivable collections (targeting ₹380 Cr), and potential asset monetization/refinancing. Working capital management improved significantly. Hi-Tech growth is expected to resume in subsequent quarters, with solar pump sales picking up from September. The food business IPO is currently on hold due to market valuations. Management expresses confidence in H2 recovery and fulfilling financial commitments.