Full Year Revenue Growth: Double-Digit
Management expects high-tech division to deliver more than double-digit revenue growth for FY27 despite Q1 anomaly, driven by deferred demand recovery and seasonal improvement in H2.
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Jain Irrigation Systems · forward-looking guidance across the available source record.
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Full Year EBITDA Margin: 14% Standalone, 12-13% Consolidated
Despite Q1 margin compression in high-tech (down ~220bps YoY to 14.4%), management targets maintaining ~14% EBITDA margin on standalone and 12-13% on consolidated basis for FY27.
H2FY27 Recovery Expected
Suppressed Q1 demand from delayed monsoon and high raw material prices should materialize in Q3-Q4, with July already showing positive revenue growth vs Q1; solar pump business recovery expected from September onwards.
NCD Obligation: Fully Covered
~690 crore NCDs due in September (~230 crore) and March (~460 crore) will be serviced through internal cash flows, receivables collections (380 crore target), and backup refinancing options.
FY26 full-year revenue growth of 15%+
Management expects full-year revenue growth of 15%+, with Q4 growing 18-20% to average out the 13.5% growth in 9M.
FY26 full-year EBITDA growth of 15%+
EBITDA for 9M grew 15% to ₹569 crore; management expects full-year EBITDA growth to exceed 15%.
FY27 revenue growth target of 18-20%
For next fiscal year, management targets revenue growth of 18-20%, up from the current 15%+ target.
FY27 EBITDA margin improvement to 14-14.5%
Management expects EBITDA margin to improve from ~13% in FY26 to 14-14.5% in FY27, driven by better mix and absorption.
FY27 revenue, margins, and cash flow to improve over FY26
Management expects all three parameters to be better in FY27 compared to FY26, despite near-term uncertainties.
Target operating cash flow of ₹1,000 crore in FY27
Company aims to generate ₹1,000 crore operating cash flow by recovering old government and project receivables.
Retail business to grow >15% in FY27
Management targets retail business growth of over 15% in FY27, up from 13% in FY26.
Additional three beverage lines to be added in FY27
Discussions ongoing to add three more beverage lines during FY27, with investment expected by December/January.