Mahindra EPC Irrigation Ltd., a leading provider of end‑to‑end irrigation and water management solutions, today announced its Annual Financial Results for the financial year ended March 31, 2026 (FY26), delivering robust growth despite a challenging operating environment.
For FY26, the Company reported revenue of ₹315.79 crore, registering a 14.5% year‑on‑year growth compared to ₹275.09 crore in FY25. Profit before tax (PBT) increased by 58.5%, rising from ₹10.71 crore in the previous year to ₹16.99 crore. Whereas Profit after tax (PAT) increased by 76%, rising from ₹7.21 crore in the previous year to ₹12.69 crore, reflecting strong operational performance and disciplined financial management.
Performance Highlights
The strong performance was driven by focused market development initiatives, a conscious shift towards non‑subsidy business avenues, enhanced financial prudence, and continued investments in building organizational capabilities. During FY26, the industry faced multiple headwinds, including delayed fund releases by nodal agencies, uneven and excessive rainfall patterns across key regions, and the late‑year impact of geopolitical developments on input costs and sentiment.
Despite these challenges, Mahindra EPC Irrigation achieved its highest‑ever annual revenue, demonstrating the resilience of its business model.
The Company consciously calibrated its operations in certain core states to manage concentration risks and strengthen internal processes. These measures, combined with sustained efforts to build opportunities independent of government subsidies, contributed meaningfully to profitability.
The Company also developed a robust work‑order pipeline for irrigation projects, positioning it well for future growth.
Outlook
Looking ahead, the Company is closely monitoring global geopolitical developments and the upcoming monsoon season and is recalibrating its market strategy accordingly.
With the reduction in GST on micro‑irrigation systems from 12% to 5%, increased government focus on expanding micro‑irrigation coverage, renewed activity in key states, and the emergence of new markets, the micro-irrigation industry is expected to witness steady growth in the coming years.
Image Credit: Prokerala
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