Jain Irrigation Systems Q2 FY25 results (Jul–Sep 2024) and concall

Jain Irrigation reported a challenging Q2 FY25, with revenue and earnings falling below expectations due to heavy rains and slow domestic demand, resulting in a 12-12.5% YoY revenue decline. Despite this, the company demonstrated strong cash flow generation, reducing debt by ₹57 crores in Q2 and achieving ₹340 crores in net cash from operations for H1 FY25. Management revised its FY25 revenue growth guidance downwards to 7-8% but expressed optimism for a stronger H2, driven by recovering demand post-Diwali and specific project orders, alongside continued focus on improving working capital and