Jain Irrigation Systems Limited (JISLDVREQS) Q2 FY27 Financial Results: PAT ₹3 & Revenue ₹1,500 Cr

Jain Irrigation reported Q1 FY27 revenue of ₹1,500 crores (-2.5% YoY) with EBITDA margins down 2%, yet adjusted PAT remained positive at ₹3 crores versus ₹30 crores prior. Cash flow improved significantly, with EBITDA conversion at 78% and working capital cycle reduced to 283 days. The company highlighted 40% YoY growth in overseas plastic revenue, resilience to monsoon variability, and plans to repay ₹690 crores of NCDs due in FY27, including ₹230 crores in September. Management emphasized strong project billing (₹40-50 crores) and government receivables recovery (₹60 crores in prior quarter).