Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased 7.3% to ₹239.9 crore from ₹223.6 crore in the corresponding quarter last year, while EBITDA margin improved to 13.2% from 12.8% a year ago.
The loss during the quarter came despite adjusted profit after tax rising 11.6% year-on-year to ₹51.8 crore. The company said reported profit was impacted by exceptional items, deferred tax remeasurement impact and non-cash finance cost adjustments related to 0.01% NCDs and EBCs.For FY26, consolidated revenue rose 10.7% to ₹6,399.5 crore from ₹5,779.3 crore in FY25, while EBITDA increased 12.8% to ₹808.9 crore. Adjusted PAT grew 36% to ₹133.1 crore. However, the company reported a consolidated net loss of ₹40 crore for FY26 against a profit of ₹25.7 crore a year ago.
The Hi-Tech Agri business remained the key growth driver during the quarter, with revenue rising 7.8% year-on-year to ₹665 crore and EBITDA increasing 21.8% to ₹131.7 crore. The Indian domestic business recorded growth of 21.3% during the quarter.The Agro Processing division reported revenue growth of 6.3% year-on-year, though EBITDA declined 15.8% due to margin pressure in the overseas business. The Plastic division reported largely stable performance, while the overseas plastic business recorded revenue growth of 8.4%.
Commenting on the results, Vice Chairman and Managing Director Anil Jain said the March quarter was impacted by global uncertainties and a sharp rise in polymer prices following geopolitical developments. He added that the company generated an operating cash flow of ₹233 crore during the quarter, equivalent to 97% of EBITDA.
The company said its working capital cycle improved to 186 days in FY26 from 201 days a year ago, while operating cash flow stood at ₹619 crore during the year.
Jain Irrigation added that it expects improved policy continuity and a revival in irrigation and infrastructure spending, though it remains watchful of global uncertainties and expectations of a below-normal monsoon in 2026.
Shares of the company fell over 5% following the result announcement and were trading near the day’s lows at ₹31.79 as of 1.33 pm. The stock has declined about 43% over the last one year.
