Jain Irrigation Systems Ltd. (DVR) Q2 FY27: revenue up 10.1% to ₹1,577 Cr, net profit up 17.6% to ₹18 Cr
Results · Finvezto · 4 Nov 2026 · Jain Irrigation Systems Ltd. (DVR) (JISLDVREQS)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 1,577 | +4.5% | +10.1% |
| Operating profit | 210 | +27.9% | +6.2% |
| Net profit | 18 | +201.1% | +17.6% |
| Operating margin | 13.3% | +2.4 pp | -0.5 pp |
| Net margin | 1.1% | +0.7 pp | +0.1 pp |
Key points
- For Q2 FY27, Jain Irrigation Systems reported consolidated total income of Rs 1,576.7 crore, up 10.1% YoY from Rs 1,432.3 crore, EBITDA of Rs 207.5 crore, up 4.2% YoY, and profit after tax of Rs 18.0 crore, up 17.4% YoY. NSE filing
- Standalone operating cash flow reached 180% of EBITDA driven by improved collections, while Agro Processing and overseas Plastics businesses delivered strong growth despite adverse weather and polymer price pressures. NSE filing
- Revenue grew over 10% year-on-year to INR 1,576 crore with EBITDA rising to INR 207 crore, while adjusted PAT stood at approximately INR 40 crore. Earnings call
- Management noted deficient rainfall in western and southern India caused by Super El Niño, with Maharashtra experiencing its worst monsoon in 50 years. Earnings call
What to watch
- Management on piping growth: I think all goes well, we should end up for the whole year at 8%-10% positive growth in pipe also.
- Management on receivables reduction: We would expect these to be reduced on a net basis at least by INR 300 crore plus between now and March.
Links
NSE filing (PDF) · Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.