Jain Irrigation Systems Limited filed its 39th Annual Report for FY2025-26 with BSE and NSE on July 17, 2026, presenting audited standalone and consolidated financial statements alongside its Directors' Report, Management Discussion & Analysis, and Business Responsibility & Sustainability Report. The reporting period covers April 1, 2025 to March 31, 2026, and the 39th Annual General Meeting is scheduled for Monday, August 10, 2026.

Consolidated Financial Performance

On a consolidated basis, the company reported revenue of ₹6,399.52 crore for the year ended March 31, 2026, registering a 10.7% year-on-year growth. EBITDA increased 12.8% to ₹808.9 crore from ₹716.8 crore in the previous year, with EBITDA margin improving to 12.6% from 12.4%. The working capital cycle improved from 201 days to 186 days, and operating cash flow stood at ₹619 crore during the year.

The reported Profit After Tax (PAT) stood at ₹(40.0) crore for FY26, impacted by exceptional items, deferred tax re-measurement, and the unwinding of non-cash finance costs relating to 0.01% NCDs/ECBs. However, Adjusted PAT rose 36% to ₹133.1 crore, and Cash PAT stood at ₹241.9 crore. The consolidated order book as on March 31, 2026 stood at ₹1,735 crore.

The following table presents the consolidated financial highlights:

Segment-wise Performance

The Hi-Tech Agri Input Products Division was the principal growth driver, with revenue increasing 20.5% and EBITDA growing 26.2% over the previous year. Segment EBITDA margins exceeded 18%, supported by healthy domestic demand, increasing retail penetration, and continued focus on value-added products. The India domestic business within this segment recorded growth of 29.3% during the year.

The Plastic Products Division recorded revenue growth of 2.4%, supported by strong performance of the overseas plastics business, which registered 13.5% revenue growth. The domestic business faced headwinds from PVC resin price volatility, inventory rationalisation across the distribution channel, and slower execution of certain water infrastructure projects.

The Agro Processing Division delivered healthy performance with revenue increasing 9.3% and EBITDA growing 9.0%, supported by improved demand in export markets and a diversified product portfolio.

Standalone Financial Performance

On a standalone basis, the company reported revenue of ₹3,533.29 crore for FY2025-26, reflecting an 8.4% increase over ₹3,259.02 crore in the previous year. EBITDA stood at ₹533 crore, registering a 13.1% year-on-year increase, with EBITDA margin improving to 15.1% from 14.5%. Standalone PAT stood at ₹24.03 crore compared to ₹24.71 crore in FY2024-25. Cash PAT remained healthy at ₹191.84 crore. The standalone working capital cycle improved from 282 days to 267 days, and cash generated from operations stood at ₹350 crore. The standalone order book as on March 31, 2026 stood at ₹975 crore, comprising ₹643 crore for Hi-Tech Agri Input Products, ₹177 crore for Plastic Products, and ₹155 crore for Food/Agri business.

Key Corporate Developments

Several significant developments marked FY2025-26:

• Biochar Facility: Shortly after the year closed, the company commissioned an industrial-scale biochar facility at Jalgaon capable of processing more than 50 tonnes of agricultural and fruit-processing residue per day, equivalent to approximately 20,000 tonnes per year.
• Solar Pump Order: The company secured a ₹135 crore order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the 'Maagel Tyala Saur Krushi Pump' scheme, covering the design, supply, installation, and testing of 5,438 off-grid DC Solar Photovoltaic Water Pumping Systems.
• Gendoli-Folai Lift Irrigation Project: Executed at a cost of approximately ₹123.87 crore, this project was inaugurated on June 18, 2025. It will provide assured irrigation to nearly 25,000 farmers across 17 villages, covering about 4,000 hectares, and is Rajasthan's first solar-powered lift irrigation project to supply irrigation water free of cost.
• Tissue Culture: Coffee and black pepper were moved into commercial production, and the company plans to supply around 25 lakh bio-immunised banana plants in 2026 using bio-immunisation technology licensed from ICAR, Lucknow.
• ICAR-NRCB MoU: An MoU was signed with ICAR–National Research Centre for Banana on March 19, 2026 for tissue-culture propagation of two newly developed banana varieties—Kaveri Vaman and Kaveri Purvan.
• NAAS Membership: Jain Irrigation was admitted as the only Corporate Member of the National Academy of Agricultural Sciences.
• Warrant Conversion: All 4,27,86,430 equity share warrants were converted into equity shares during the year at a conversion price of ₹46.64 per share.

Credit Ratings and Governance

CRISIL rated the company's total bank loan facilities of ₹2,930 crore with a Long Term Rating of CRISIL BBB-/Negative (outlook revised from 'Stable'; rating reaffirmed) and a Short Term Rating of CRISIL A3 (reaffirmed). Non-Convertible Debentures of ₹785.63 crore were also rated CRISIL BBB-/Negative. The Board did not recommend any dividend for FY2025-26 in view of meagre profit for the year. The company successfully completed repayment of all standalone Restructured Term Loan (RTL) and Funded Interest Term Loan (FITL) obligations during the year, marking a significant milestone in its deleveraging journey. Net capex for the year stood at ₹67.21 crore, with gross capex of ₹123.09 crore.

Five-Year Financial Overview

The following table presents key consolidated financial metrics over five years (figures in ₹ crore):

Jain Irrigation Systems Ltd has confirmed that its promoters, promoter group, and persons acting in concert did not create any encumbrance on shares during the financial year 2025-26. The disclosure, submitted to the stock exchanges, confirms that no direct or indirect encumbrance was made other than those previously disclosed.

The confirmation was provided by Ashok B. Jain on behalf of the Promoters Group of Jain Irrigation Systems Limited. The letter was addressed to BSE Ltd. and National Stock Exchange of India Ltd. in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Regulatory Compliance

The filing serves as a formal declaration regarding the shareholding status of the promoters for the financial year ended March 31, 2026. It ensures that the exchanges are informed about any potential charges or liens on the promoter's shareholding that could affect the company's governance structure.

The document was copied to A. V. Ghodgaonkar, Company Secretary, and Shirshir Dalal, Chairman of the Audit Committee, for internal records.