Shares of Jain Irrigation Systems Limited slid to a day low of Rs 31.24 on NSE on 15 May, after the company reported a net loss for the March quarter. The reported loss weighed on investor sentiment despite the company posting growth in revenue and operating profit during the same period.

The reported bottom line swung to a loss of Rs 19 crore for Q4FY26, against a profit of Rs 27.9 crore in the same quarter last year. 

Management attributed the loss to one-off items including exceptional charges, a deferred tax remeasurement impact, and non-cash finance cost adjustments linked to certain debt instruments. 

Excluding these items, according to management-adjusted calculations, profit rose 11.6% year on year to Rs 51.8 crore.

Quarterly revenue came in at Rs 1,824 crore, up 4.3% from a year ago. EBITDA, rose 7.3% to Rs 239.9 crore, with margins improving to 13.2% from 12.8% a year earlier.

The Hi-Tech Agri segment performed strongly during the quarter, posting revenue of Rs 665 crore, up 7.8% year on year, with EBITDA rising 21.8%. The Indian domestic business recorded growth of 21.3% during the same period.

For the full year, revenue climbed 10.7% to Rs 6,399.5 crore and EBITDA rose 12.8% to Rs 808.9 crore. 

Adjusted PAT for FY26 grew 36% to Rs 133.1 crore. The reported full-year net loss stood at Rs 40 crore, against a profit of Rs 25.7 crore in FY25.

Vice Chairman and MD Anil Jain said the quarter was impacted by global uncertainty and a sharp rise in polymer prices. 

The company generated Rs 233 crore in operating cash flow during the quarter, equivalent to 97% of EBITDA. Working capital improved to 186 days in FY26 from 201 days a year ago.

At 15:02 on NSE, shares were trading at Rs 31.25, down by 6.47% from their previous close of Rs 33.41. The stock has lost 44% over the past year and remains near the lower end of its 52-week range of Rs 27.10 to Rs 66.45.

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