Q1 2025 Jain Irrigation Systems Ltd Earnings Call Transcript
Key Points
- Jain Irrigation Systems Ltd (BOM:500219) achieved a profitable overall performance despite a 13% decline in revenue compared to last year.
- The company reported an EBITDA of approximately INR180 crore, with significant contributions from Hi-Tech, plastics, and agro processing segments.
- The company successfully reduced overall receivables by about INR150 crore during the quarter.
- The order book position is strong, with INR1,000 crore at the India level and INR1,800 crore at the consolidated level.
- The company generated INR128 crore of net cash from operating activities, indicating strong cash flow management.
- Revenues were lower by 13% compared to the previous year, impacting overall financial performance.
- The plastic business saw a significant reduction in revenue by almost 30%, and Hi-Tech by 17%, leading to a 25% overall reduction.
- Lower utilization of capacities resulted in lesser fixed cost absorption and lower EBITDA.
- Inventory levels increased during the period, partly due to seasonal factors and weak quarter performance.
- The company continues to face challenges with the timely release of government subsidies and receivables, impacting cash flow.
Ladies and gentlemen, good day, and welcome to the Jain Irrigation Systems Limited Q1 FY25 earnings conference call hosted by DRChoksey FinServ. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Ashwini Trivedi. Thank you, and over to you, ma'am.
Thank you. Good afternoon, everyone, and welcome to Jain Irrigation Systems earnings call to discuss the Q1 FY25 results. Today, we have on call Mr. Anil Jain, CEO and Managing Director; Mr. Bipeen Valame, Chief Financial Officer.
We must remind you that the discussion on today's call may include certain forward-looking statements that may involve known and unknown risks, uncertainties and other factors and therefore be viewed in conjunction with the risk that the company faces. Future results, performance or achievements may differ significantly from what is expressed and implied by such forward-looking statements.
Please note the results and presentations are available on the exchange and on
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