Jain Irrigation Agro Processing Leads Q2 Revenue at Rs 559.01 Crore

Jain Irrigation Systems Limited reported Agro Processing revenue of Rs 559.01 crore for the quarter ended September 30, 2026, making it the group’s largest reported operating division by revenue. The division exceeded Plastic Division revenue of Rs 519.85 crore and Hi-tech Agri Input Products revenue of Rs 497.80 crore, although Hi-tech Agri Input Products produced the highest segment result.

Which Jain Irrigation division generated the most September-quarter revenue?

Jain Irrigation’s Agro Processing Division generated the most revenue in the quarter ended September 30, 2026, at Rs 559.01 crore. It was Rs 39.16 crore ahead of Plastic Division, which reported Rs 519.85 crore, and Rs 61.21 crore ahead of Hi-tech Agri Input Products at Rs 497.80 crore. The three divisions together accounted for consolidated revenue from operations of Rs 1,576.66 crore.

Agro Processing includes fruits, onion products, spices and biogas under Jain Irrigation’s segment disclosure. The company states that its business segments are primarily based on customer category and that segment revenue and results are directly identifiable to each business. It reported no inter-segment revenue, so the Rs 559.01 crore Agro Processing figure formed part of the reported revenue from operations.

How did Jain Irrigation’s segment revenue change from earlier periods?

Jain Irrigation’s Agro Processing revenue increased by Rs 11.28 crore from Rs 547.73 crore in the quarter ended June 30, 2026, and by Rs 43.26 crore from Rs 515.75 crore in the quarter ended September 30, 2025. Agro Processing also ranked first in the June 2026 quarter, when its revenue was Rs 37.88 crore above Plastic Division’s Rs 509.85 crore.

Plastic Division recorded the largest year-on-year revenue increase among the three divisions, rising Rs 77.94 crore from Rs 441.91 crore in the September 2025 quarter to Rs 519.85 crore in September 2026. Its revenue also rose Rs 10 crore from June 2026. Plastic Division includes polyvinyl chloride, or PVC, piping products, polyethylene, or PE, piping products, piping projects and plastic sheets.

Hi-tech Agri Input Products increased revenue by Rs 47.01 crore from the June 2026 quarter and by Rs 23.13 crore from the September 2025 quarter. The division reported Rs 497.80 crore in September 2026 and includes micro-irrigation systems, solar agricultural pumps, integrated irrigation projects, tissue-culture plants, solar products and agricultural research and development activities.

Which Jain Irrigation division delivered the highest segment result?

Jain Irrigation’s Hi-tech Agri Input Products division delivered the highest segment result in the September 2026 quarter, at Rs 56.08 crore. Agro Processing reported a segment result of Rs 47.33 crore and Plastic Division reported Rs 30.82 crore, taking the combined result of the three divisions to Rs 134.23 crore.

Hi-tech Agri Input Products’ segment result rose from Rs 25.89 crore in June 2026 and was marginally above Rs 54.13 crore in September 2025. Agro Processing’s result increased from Rs 22.13 crore in the preceding quarter and Rs 39.27 crore a year earlier. In contrast, Plastic Division’s Rs 30.82 crore result was below Rs 43.08 crore in June 2026 and Rs 36.97 crore in September 2025.

Jain Irrigation says common-service expenditure incurred at the corporate level is not directly identifiable to individual business segments and is recorded as other unallocable expenditure or income. Consequently, the combined segment result of Rs 134.23 crore is a different measure from consolidated profit before tax of Rs 17.92 crore for the September 2026 quarter.

How did segment results translate into Jain Irrigation’s quarterly profit?

Jain Irrigation reported profit before exceptional items and tax of Rs 17.92 crore for the quarter ended September 30, 2026, compared with a loss of Rs 9.73 crore in the June 2026 quarter and a profit of Rs 17.73 crore in the September 2025 quarter. Finance costs of Rs 119.33 crore were the largest unallocable charge against the Rs 134.23 crore aggregate segment result.

The quarterly reconciliation also included Rs 2.54 crore as the share of profit in an associate and joint venture, shown net of tax, and Rs 10.48 crore of other unallocable income. Jain Irrigation reported no exceptional items for the September 2026 quarter. Profit for the period was Rs 18.01 crore, while total comprehensive income was Rs 33.03 crore.

Revenue from operations increased by Rs 68.29 crore from Rs 1,508.37 crore in June 2026 to Rs 1,576.66 crore in September 2026. Total expenses were Rs 1,562.23 crore, including Rs 887.37 crore of materials consumed, Rs 212.86 crore of employee benefits expense, Rs 119.33 crore of finance costs and Rs 73.77 crore of depreciation and amortisation expense.

What were Jain Irrigation’s segment assets and liabilities at September 2026?

Jain Irrigation’s Hi-tech Agri Input Products division held the largest segment asset base at Rs 4,905.83 crore as of September 30, 2026. Agro Processing assets stood at Rs 3,337.54 crore and Plastic Division assets at Rs 2,021.27 crore, showing that the revenue-leading Agro Processing business was not the largest segment by disclosed assets.

Agro Processing assets were Rs 205.51 crore above Rs 3,132.03 crore a year earlier and Rs 3.97 crore above Rs 3,333.57 crore at June 30, 2026. Its segment liabilities were Rs 2,227.17 crore, compared with Rs 2,045.91 crore at September 30, 2025. Plastic Division liabilities were Rs 776.13 crore and Hi-tech Agri Input Products liabilities were Rs 522.90 crore.

Total consolidated assets were Rs 12,246.78 crore at September 30, 2026, compared with Rs 12,155.44 crore at March 31, 2026. Total segment liabilities were Rs 6,352.67 crore, including Rs 2,826.47 crore classified as unallocable. Jain Irrigation states that corporate-office assets, investments and balances not directly identifiable with operating segments are included in the unallocable category.

Conclusion

Jain Irrigation’s September 2026 segment disclosure shows different leaders for revenue and segment result. Agro Processing led quarterly revenue at Rs 559.01 crore, Plastic Division ranked second at Rs 519.85 crore and Hi-tech Agri Input Products ranked third at Rs 497.80 crore. Hi-tech Agri Input Products nevertheless generated the highest segment result, at Rs 56.08 crore.

The filing does not disclose segment-level revenue targets, management guidance or a scheduled operating event. The next segment disclosure will clarify whether Agro Processing retains its revenue lead after its Rs 11.28 crore sequential increase, and whether Plastic Division’s segment result changes from the Rs 30.82 crore reported for September 2026.