Jain Irrigation net profit declines 8.5% to Rs 11.19 crore in Jun quarter
ADVERTISEMENT Its net profit stood at Rs 12.23 crore in the year-ago period.
The total income rose to Rs 1,547.68 crore in the April-June period of 2025-26 from Rs 1,479.24 crore in the corresponding period of the preceding year, according to a regulatory filing.
Jain Irrigation Systems Vice Chairman and Managing Director Anil Jain said, "In Q1 of FY26, the company experienced good demand for Micro Irrigation Systems, Tissue Culture, Exports and Solar Agri Pumps. We saw good growth in revenue and margins in Hi-Tech Agri division".Due to the early monsoon in May, he said the company saw an impact on demand for pipe."Margins for pipe business were also under pressure due to lack of demand," Jain said.
ADVERTISEMENT He said the company's focus towards retail and exports has shown better results in terms of revenue growth and margins."With well-spread monsoon and the government's commitment to investment in infrastructure, we expect revival of demand for piping business in H2FY26," Jain said.
ADVERTISEMENT In 2024-25, the Maharashtra-based Jain Irrigation Systems had posted a net profit of Rs 25.69 crore on a total income of Rs 5,793.24 crore.
The company is engaged in the manufacturing of micro irrigation systems, PVC P pipes, HDPE pipes, plastic sheets, agro-processed products, renewable energy solutions, tissue culture plants, financial services and other agricultural inputs. PTI
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