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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.
The contract involves the construction of a pressurized micro-irrigation system.
The domestic order, valued at Rs 1.79 crore, carries a completion timeline of 12 months, the company said. The nature of the contract is in line with the scope outlined for developing the micro-irrigation infrastructure.
Mahindra EPC clarified that none of the promoters, promoter group or group companies hold any interest in the entity awarding the contract. The transaction does not fall under related-party arrangements and has been executed at arm’s length.
The company reported a consolidated net profit of Rs 0.43 crore for Q2 FY26, compared to a net loss of Rs 2.76 crore recorded in Q2 FY25. Revenue from operations declined marginally to Rs 49.58 crore in Q2 FY26, against Rs 50.02 crore posted in the same quarter last year.
Shares of Mahindra EPC Irrigation added 1.55% to settle at Rs 133.95 on the BSE.
On a quarter-on-quarter (QoQ) basis, net profit dropped 56.12%, while net sales fell 20% in Q2 FY26.
Total expenses decreased 8.35% to Rs 49.82 crore in Q2 FY26, compared to Rs 54.36 crore reported in Q2 FY25. The cost of materials consumed stood at Rs 21.57 crore (down 12.35% YoY), and employee benefit expenses were Rs 8.10 crore (down 2.52% YoY) during the period under review.
The company reported a profit before tax of Rs 0.58 crore, compared to a pre-tax loss of Rs 3.71 crore in the same period last year.
On a half-year basis, the company reported a consolidated net profit of Rs 1.41 crore in H1 FY26, against a net loss of Rs 5.39 crore posted in H1 FY25. However, revenue from operations jumped 17.08% YoY to Rs 111.62 crore in H1 FY26.
The counter declined 2.40% to settle at Rs 144.15 on Friday.