Mahindra EPC Irrigation Limited (the Company) reported audited financial results for the year ended March 31, 2026, for FY26, recording revenue of Rs 3,157.9 million (mn), a rise of 14.5 per cent from Rs 2,750.9 mn in FY25. Profit before tax rose to Rs 169.9 mn from Rs 107.1 mn a year earlier, an increase of 58.5 per cent, while profit after tax rose to Rs 126.9 mn from Rs 72.1 mn, up 76 per cent. The results reflected improved operational performance and disciplined financial management. The Company reported its highest-ever annual revenue.

The Company attributed the performance to focused market development initiatives, a strategic shift towards non-subsidy business avenues and continued investment in organisational capabilities. Management also cited enhanced financial prudence and efforts to build independent revenue streams as key contributors to profitability. The industry backdrop remained challenging, with delayed fund releases by nodal agencies, uneven and excessive rainfall in key regions and late-year geopolitical developments affecting input costs and sentiment. Despite these headwinds, the business model demonstrated resilience.

Operational measures included calibrated activity in selected core states to manage concentration risk and strengthen internal processes, together with the development of a robust work-order pipeline for irrigation projects. The reduction in GST on micro-irrigation systems from 12 per cent to 5 per cent and renewed activity in key states were identified as supportive factors for demand. The Company said these elements, along with the emergence of new markets, positioned it well for growth. Management indicated it was monitoring global developments and the upcoming monsoon and would recalibrate market strategy accordingly.

Mahindra EPC Irrigation provides end-to-end irrigation and water management solutions across multiple states and spans micro-irrigation, water management, automation, community irrigation and protected cultivation. The Company is part of the Mahindra Agriculture Business and continues to focus on sustainable precision farming and farmer empowerment. Media contact details were provided by the Company for further enquiries. The Company said it remains committed to strengthening its market position and supporting agricultural communities.