Summary

Mahindra EPC Irrigation Ltd. delivered robust financial results for the financial year ended March 31, 2026, reporting its highest-ever revenue of ₹315.79 crore, which represents a 14.5% year-on-year growth. Profit before tax (PBT) saw a substantial increase of 58.5% to ₹16.99 crore, while Profit after tax (PAT) grew by an impressive 76% to ₹12.69 crore, reflecting strong operational performance. This growth was achieved despite industry headwinds, attributed to focused market development and a strategic shift towards non-subsidy business avenues. Looking ahead, the company is well-positioned for future growth with a robust work-order pipeline, and the micro-irrigation industry is anticipated to experience steady growth, supported by recent GST reductions and enhanced government focus.

Key Highlights

1. 1

   Mahindra EPC Irrigation Ltd. reported its highest-ever revenue of ₹315.79 crore for FY26, marking a significant 14.5% year-on-year growth.

2. 2

   Profit before tax (PBT) for FY26 increased by 58.5% to ₹16.99 crore, up from ₹10.71 crore in the previous year.

3. 3

   Profit after tax (PAT) for FY26 saw a substantial increase of 76%, rising to ₹12.69 crore from ₹7.21 crore in FY25.

4. 4

   The company demonstrated resilience by achieving robust growth despite a challenging operating environment marked by delayed fund releases and uneven rainfall patterns.

5. 5

   Mahindra EPC developed a robust work-order pipeline for irrigation projects, positioning it well for future growth opportunities.

6. 6

   The outlook for the micro-irrigation industry is positive, driven by a reduction in GST from 12% to 5% and increased government focus on expanding micro-irrigation coverage.