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The contract involves the supply of micro pressurised irrigation systems covering 100 hectares. The project is scheduled to be executed within 11 months from the date of site handover, the company said in a regulatory filing.
The company clarified that the order has been awarded by a domestic entity and does not fall under related-party transactions. It also stated that neither the promoter nor the promoter group has any interest in the awarding authority.
The order is expected to strengthen Mahindra EPC Irrigation's presence in the micro-irrigation segment and add to its domestic order book.
Mahindra EPC Irrigation is in the business of Micro Irrigation Systems viz. Drip and Sprinklers, Agricultural Pumps, Greenhouses, and Landscape Products.
Mahindra EPC Irrigation reported a 23.36% YoY decline in consolidated net profit at Rs 4.79 crore in Q4 FY26, compared with Rs 6.25 crore in the same quarter last year. However, revenue from operations rallied 11.58% to Rs 107 crore in Q4 FY26, against Rs 95.89 crore posted in the same quarter last year.
Shares of Mahindra EPC Irrigation rose 0.56% to Rs 110 on the BSE.
However, revenue from operations rallied 11.58% to Rs 107 crore in Q4 FY26, against Rs 95.89 crore posted in the same quarter last year.
Profit before tax was at Rs 3.36 crore in Q4 FY26, down 64.36% as against Rs 6.36 crore posted in Q4 FY25.
Total expenses increased 15.5% to Rs 101.64 crore in Q4 FY26, compared to Rs 88 crore reported in Q4 FY25. The cost of materials consumed stood at Rs 40.63 crore (up 8.12% YoY), and employee benefit expenses were Rs 9.88 crore (up 18.89% YoY) during the period under review.
The board of Mahindra EPC Irrigation has approved multiple appointments, subject to shareholder nod at the upcoming AGM.
Shriprakash Shukla has been appointed as a Non-Executive Non-Independent Director, liable to retire by rotation and not seeking reappointment due to superannuation. The board also approved the reappointment of Ramesh Ramachandran as managing director (MD) for three years from 15 September 2026. Further, Dr. Purvi Mehta and Balram Singh Yadav have been appointed as Additional Non-Executive Independent Directors for five-year terms from 21 April 2026 to 20 April 2031.
Shares of Mahindra EPC Irrigation rose 1.76% to end at Rs 128.17 on the BSE.
For the full year,net profit rose 76.01% to Rs 12.69 crore in the year ended March 2026 as against Rs 7.21 crore during the previous year ended March 2025. Sales rose 14.46% to Rs 312.09 crore in the year ended March 2026 as against Rs 272.67 crore during the previous year ended March 2025.
Revenue from operations rallied 14.75% to Rs 93.47 crore in Q3 FY26, against Rs 81.45 crore posted in the same quarter last year.
Total expenses increased 15.61% to Rs 84.48 crore in Q3 FY26, compared to Rs 73.07 crore reported in Q3 FY25. The cost of materials consumed stood at Rs 44.52 crore (up 14.62% YoY), and employee benefit expenses were Rs 8.23 crore (up 6.05% YoY) during the period under review.
Profit before tax was at Rs 8.74 crore in Q3 FY26, up 2.46% as against Rs 8.53 crore posted in Q3 FY25.
Mahindra EPC Irrigation is in the business of micro irrigation systems, viz., drip and sprinklers, agricultural pumps, greenhouses, and landscape products.