PBT up 58.5 per cent to Rs 16.99 Crore; company posts highest-ever revenue

Mahindra EPC Irrigation Ltd. reported strong financial performance for the financial year ended March 31, 2026 (FY26), delivering robust growth despite a challenging operating environment marked by delayed fund releases, erratic rainfall patterns and geopolitical uncertainties.

The company posted revenue of Rs 315.79 crore in FY26, registering a growth of 14.5 per cent year-on-year compared to Rs 275.09 crore in the previous financial year, marking its highest-ever annual revenue. Profit before tax (PBT) rose 58.5 per cent to Rs 16.99 crore from Rs 10.71 crore a year ago, while profit after tax (PAT) increased 76 per cent to Rs 12.69 crore from Rs 7.21 crore, reflecting strong operational performance and disciplined financial management.

The growth was driven by focused market development initiatives, a strategic shift towards non-subsidy business avenues, improved financial prudence and continued investments in strengthening organisational capabilities. During the year, the company navigated multiple industry headwinds, including delays in fund disbursement by nodal agencies, uneven and excessive rainfall across key regions and late-year geopolitical developments that impacted input costs and overall market sentiment.

Despite these challenges, the company demonstrated resilience by achieving record revenue and improving profitability. It also recalibrated operations in select core states to manage concentration risks and strengthen internal processes, while continuing to build opportunities independent of government subsidy-driven demand.

In addition, the company developed a strong work-order pipeline for irrigation projects, positioning itself for sustained growth in the coming years.

Looking ahead, the company said it is closely monitoring global geopolitical developments and the upcoming monsoon season, while recalibrating its market strategy accordingly. With the reduction in GST on micro-irrigation systems from 12 per cent to 5 per cent, increased government focus on expanding micro-irrigation coverage, renewed activity in key states and the emergence of new markets, the industry is expected to witness steady growth over the medium term.